Single-Tenant Dollar General
2115 Hwy 90 E Defuniak Springs, FL 32433
For Sale
Contact for pricing
Fee simple sale of a single-tenant Dollar General retail building on an absolute NNN lease.
Property Size9,100 SF
Lot Size3.83 Acres
Price / SF$192.31
Days on Market66
Property Features for 2115 Hwy 90 E
General Information
Standard status
Active
Size
9,100 SF
Lot size
3.83 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates | North San Diego County
(760) 519-0240
Listed By:
Ryan Bennett · License #01826517
(760) 519-0240
Source:
Moodyscre
Added: May 25
Changed: Jul 27
Last Checked: Jul 29 at 12:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
Lee & Associates, in association with Bang Realty, offers the opportunity to acquire a fee simple interest in a single-tenant Dollar General property. The asset includes a 9,100-square-foot retail building that was constructed in 2020 as a build-to-suit for the tenant.
The property is secured by an absolute NNN lease with Dolgencorp, LLC, guaranteed by Dollar General Corporation. The lease includes a 15-year primary term with approximately 9 years remaining, and it features five 5-year renewal options with 10% rental increases during each option period.
Dollar General operates as the tenant under this long-term structure, and the property is described as having zero landlord responsibilities under the absolute NNN lease.
The property is secured by an absolute NNN lease with Dolgencorp, LLC, guaranteed by Dollar General Corporation. The lease includes a 15-year primary term with approximately 9 years remaining, and it features five 5-year renewal options with 10% rental increases during each option period.
Dollar General operates as the tenant under this long-term structure, and the property is described as having zero landlord responsibilities under the absolute NNN lease.
Key Highlights
- Fee simple sale of a single‑tenant Dollar General retail building at 2115 US Highway 90 E, DeFuniak Springs, FL.
- 9,100 SF retail building on approximately 3.83 acres, constructed in 2020 as a build‑to‑suit for the tenant.
- Absolute NNN lease structure with zero landlord responsibilities.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.6k | $21.60 |
| − Vacancy | −$11.8k | −$1.30 |
| EGI | $184.8k | $20.30 |
| − OpEx | −$46.2k | −$5.08 |
| NOI | $138.6k | $15.23 |
9,100 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,575 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $104,914 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,196 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Fee simple sale of a single-tenant Dollar General retail building on an absolute NNN lease.
Where is this nnn property located?
The property is located at 2115 Hwy 90 E Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fee simple sale of a single‑tenant Dollar General retail building at 2115 US Highway 90 E, DeFuniak Springs, FL.; 9,100 SF retail building on approximately 3.83 acres, constructed in 2020 as a build‑to‑suit for the tenant.; Absolute NNN lease structure with zero landlord responsibilities.
