3494 Washington St Chipley, FL 32428

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Market in Chipley, Florida. Boasting a 15.1-year absolute NNN lease commencing December 9, 2024, and expiring December 31, 2039, this property offers significant long-term stability. The lease includes five 5-year renewal options with a 5% rent increase every five years, ensuring consistent income growth. The tenant, Dollar General Corporation, holds a BBB credit rating and provides a corporate guarantee, minimizing risk. Located on a 1.49-acre lot at 3494 Washington St, Chipley, FL 32428, this single-story building features 45 parking spaces and benefits from a high-traffic corner location (4,019 cars per day). The property's strong demographics include a three-mile average household income of $60,505 and a ten-mile population of 15,070. This is the only Dollar General serving the community. The asking price of $2,500,346 reflects a 6.35% cap rate based on a net operating income (NOI) of $158,772. Built in 2024, this fee-simple property offers a passive investment opportunity with zero landlord responsibilities. The Dollar General Market format includes produce and fresh meats, enhancing its appeal and profitability. This investment is ideal for a 1031 exchange or passive investor seeking a secure, high-return asset.