New Dollar General Investment
3407 Mahogany Drive, Pace, FL 32571
New Dollar General in a high-growth Pensacola market area.
- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Nov 13 at 6:59 am
Property Features for 3407 Mahogany Drive
General Information
- Standard status
- Active
Building Details
- Year Built
- 2025
Listing agent Natalie Cortesano Matthews License #0719301
Listing office Keller Williams Realty DPR (888) 737-2264
Listing date Nov 21, 2025
Source Fortisnetlease
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 Keller Williams Realty DPR
HighLights
- Brand new 15‑year Absolute NNN lease with zero landlord responsibilities.
- Corporate guaranty from Dollar General Corporation with an investment‑grade “BBB” credit rating.
- Located in a high‑growth area with a strong 3‑mile average household income of $130,401.
- Strategic corner location on Mahogany Drive & Chumuckla Highway with high visibility.
- 5% rental rate increases every 5 years.
- Part of the Pensacola market and situated in a huge development area.
Overview
This is a 10,640 square foot Dollar General Plus store, currently under construction and slated to open in November 2025. The property is located in Pace, Florida, part of the Pensacola Market, in a significant development area. The lease is an absolute NNN lease with zero landlord responsibilities, secured for 15 years. It includes 5% rental rate increases every 5 years, including at each of the five 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a “BBB” credit rating. The store is strategically positioned on the corner of Mahogany Drive and Chumuckla Highway, with a traffic count of 12,000 cars per day. It is situated across from a new 40-acre church and preschool development and adjacent to a brand new 2,700-acre mixed-use community. The location benefits from a 5-mile population of 22,818 and a 3-mile average household income of $130,401 per year. The 5-mile population growth rate is 14.79%. This property is suited for a 1031 exchange buyer or a passive investor seeking fee simple ownership. The location is ideal for a Dollar General, offering continued success due to the financial strength and proven profitability of the tenant.
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Pace
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.1785286
- Latitude
- 30.6903612
Nearby Similar for Lease
FAQs
What type of property is this?
Storefront property - New Dollar General in a high-growth Pensacola market area.
Where is this storefront property located?
The property is located at 3407 Mahogany Drive Pace, FL.
What is the lease rate?
The lease rate is $3,038,800.
What are key features of this property?
This property features: Brand new 15‑year Absolute NNN lease with zero landlord responsibilities.; Corporate guaranty from Dollar General Corporation with an investment‑grade “BBB” credit rating.; Located in a high‑growth area with a strong 3‑mile average household income of $130,401.
