39 512Th Ave Old Town, FL 32680

This exceptional investment opportunity presents a fee-simple ownership interest in a brand-new, 10,640-square-foot Dollar General Market situated in Old Town, Florida. The property boasts a 15.1-year absolute NNN lease commencing December 10, 2024, and expiring December 31, 2039, with five 5-year renewal options, each including a 10% rent increase. The lease is corporately guaranteed by Dollar General Corporation, holding an investment-grade credit rating of "BBB." This single-tenant building, constructed in 2024, sits on a 1.87-acre lot and offers 43 parking spaces. The property enjoys a prime corner location with high visibility, experiencing 4,250 cars per day. The strong demographics include a three-mile average household income of $60,959 and a ten-mile population of 20,383, exhibiting a 7.10% growth rate. The asking price of $2,409,750 reflects a 6.40% cap rate based on a net operating income (NOI) of $154,224. This is a turnkey investment with zero landlord responsibilities, making it ideal for a 1031 exchange or passive investor seeking a secure, high-return asset backed by a nationally recognized, creditworthy tenant. The property is zoned commercial and features a plus-size footprint for this type of Dollar General Market, which includes produce and fresh meats.