Dollar General NNN Investment

412 Lyndell Ln, Panama City, FL 32407

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For Sale

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NNN leased Dollar General with corporate guarantee and options.

Type:Retail

Property size:

9,026 SF

Price / SF:

$246/SF

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Contact for Pricing

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and status of this listing

Eric Carlton

Real Estate License ID: CA 01809955

HighLights

Absolute NNN lease offers zero landlord responsibilities.
Investment‑grade credit tenant (Dollar General) provides stable cash flow.
Corporate guaranteed lease ensures financial security.
Located in a tax‑free state, offering potential tax benefits.
Approximately 5 years remaining on the initial lease term.
Features 10% rental increases every option period, enhancing investment return.

For Sale

Contact for pricing

NNN leased Dollar General with corporate guarantee and options.

Type:Retail

Property size:

9,026 SF

Price / SF:

$246/SF

Added:: Feb 27, 2018
Days on Market:: 3052
Last Refresh:: May 19 at 9:09 pm

Property Features for 412 Lyndell Ln

General Information

Standard status: Active
Size: 9,026 SF
Property subtype: Retail

We can help!

Contact an agent

Eric Carlton

Listing office Colliers - Los Angeles - Orange County, California

Listing date Feb 27, 2018

Source Crexi

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 Colliers - Los Angeles - Orange County, California

HighLights

Absolute NNN lease offers zero landlord responsibilities.
Investment‑grade credit tenant (Dollar General) provides stable cash flow.
Corporate guaranteed lease ensures financial security.
Located in a tax‑free state, offering potential tax benefits.
Approximately 5 years remaining on the initial lease term.
Features 10% rental increases every option period, enhancing investment return.

Overview

This is an opportunity to acquire a single-tenant, absolute NNN investment property fully leased to Dollar General, guaranteed by a corporate lease. The property offers stable cash flow with zero landlord responsibilities. The lease has approximately 5 years remaining, with four 5-year option periods. Rental increases of 10% are scheduled for each option period. The property is 9026 square feet. This investment opportunity is located at 412 Lyndell Ln, Panama City, FL 32407.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$195.0k	$21.60
− Vacancy	−$11.7k	−$1.30
EGI	$183.3k	$20.30
− OpEx	−$45.8k	−$5.08
NOI	$137.4k	$15.23

9,026 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,448 @ 7.0% cap · market cap 6.18%

Second Best

Retail

$1.49M

$1.30M – $1.73M (±1% cap)

NOI $104,061 @ 7.0% cap · market cap 4.68%

Theoretical Best

Office A

$2.27M

$1.99M – $2.65M (±1% cap)

NOI $158,894 @ 7.0% cap · market cap 7.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

FedEx OnSite Postal Service Western Union Bank Dollar General Discount Store

Suggested Use

Location Insight

Map
Local Demand

City: Panama City
County: Walton
State: Florida
Longitude: -85.8296014
Latitude: 30.196666

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What type of property is this?

Grocery and convenience store - NNN leased Dollar General with corporate guarantee and options.

Where is this grocery and convenience store located?

The property is located at 412 Lyndell Ln Panama City, FL.

What is the asking price?

The asking price for this property is $2,223,550.

What are key features of this property?

This property features: Absolute NNN lease offers zero landlord responsibilities.; Investment‑grade credit tenant (Dollar General) provides stable cash flow.; Corporate guaranteed lease ensures financial security.

412 Lyndell Ln, Panama City, FL 32407

NNN leased Dollar General with corporate guarantee and options.

Property Features for 412 Lyndell Ln

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Property in Panama City

Three-Building Flex and Industrial Campus

Veterinary Clinic Facility

Historic Panama City Mixed-Use Property

Six-Unit Income Producing Property

Panama City Commercial Corner Parcel

Income-Producing Multi-Family Panama City

Auto Shop with Service Bays

Updated Office Building with Privacy Fence

Waterfront Multifamily Property with Boat Slips

Versatile Commercial Building Near Downtown

Turnkey Vacation Rental Duplex

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