3950 Fl-44 New Smyrna Beach, FL 32168
Grocery and convenience stores
Building Details
- Year built
- 2018
Source:
Fortisnetlease
Listing Agent: Bryan Bender
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fortis Net Lease is pleased to present this 2018 BTS, 9,100 SF. Dollar General store with upgraded construction located in New Smyrna Beach, Florida - a popular tourist area attracting 10 Million Visitors per year. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities, with 7.75 years remaining on the primary term. The lease contains 4 (5 Year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has been successfully open and operating since August 2018.
New Smyrna Beach is a charming seaside city located in Volusia County, Florida, United States. The city is situated on a barrier island between the Atlantic Ocean and the Indian River Lagoon, offering visitors and residents access to both the beach and the river.
7.5 Years Remaining on Primary | Upgraded Construction
Popular Tourist Destination | Attracts 10 Million Visitors Each Year
Across from New Smyrna Speedway | NASCAR Event Host
Near Signalized Corner at Tomoka Farms Rd | 13,200 VPD
4 (5 Year) Options | 10% Increases At Each Option
Three Mile Household Income $107,179
Ten Mile Population 132,208 | Expected 10.73% Growth
17,400 Cars Per Day on FL-44
Investment Grade Dollar Store With "BBB" Credit Rating
Dollar General Corporate Guaranty
Adjacent to Circle K | Only Dollar Store Within 7+ Miles
New Smyrna Beach is a charming seaside city located in Volusia County, Florida, United States. The city is situated on a barrier island between the Atlantic Ocean and the Indian River Lagoon, offering visitors and residents access to both the beach and the river.
7.5 Years Remaining on Primary | Upgraded Construction
Popular Tourist Destination | Attracts 10 Million Visitors Each Year
Across from New Smyrna Speedway | NASCAR Event Host
Near Signalized Corner at Tomoka Farms Rd | 13,200 VPD
4 (5 Year) Options | 10% Increases At Each Option
Three Mile Household Income $107,179
Ten Mile Population 132,208 | Expected 10.73% Growth
17,400 Cars Per Day on FL-44
Investment Grade Dollar Store With "BBB" Credit Rating
Dollar General Corporate Guaranty
Adjacent to Circle K | Only Dollar Store Within 7+ Miles
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- New Smyrna Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0592
- Latitude
- 28.9806
Nearby Similar for Lease
FAQs
Where is this grocery and convenience store located?
The property is located at 3950 Fl-44 New Smyrna Beach, FL.
What is the lease rate?
The lease rate is $1,876,547.
What are key features of this property?
This property features: - Absolute NNN Lease with Dollar General Corporate Guaranty provides a passive investment with zero landlord responsibilities.; - Strategic Location in a High-Traffic Area on FL-44 (17,400 VPD) near Tomoka Farms Rd (13,200 VPD) and across from New Smyrna Speedway.; - Strong Demographics and Growth: High average household income and a large population with a significant growth rate.
