164 John King Rd Crestview, FL 32539

This exceptional investment opportunity presents a brand-new, upgraded 10,640 square foot Dollar General store in Crestview, Florida. Located at 164 John King Rd, 32539, this single-tenant, fee-simple property boasts a 15.4-year remaining lease term (commencing February 5, 2025 and expiring March 31, 2040) with a corporate guarantee from Dollar General (NYSE: DG). The lease includes 5% rent bumps every five years and five, five-year options. The property sits on a 1.81-acre lot in a high-traffic area, benefiting from its proximity to three major Florida highways and new residential developments like DSLD Homes' Patriot Ridge. With a strong NOI of $169,320 and a 6.35% cap rate, this offering presents a compelling return on investment. The asking price is $2,666,500 ($250.61/sq ft). The property's location within a thriving community with an average household income exceeding $92,000 within a mile, and over 42,000 residents within five miles, ensures consistent customer traffic. Florida's favorable tax environment (no state income tax) further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-performing asset with a blue-chip tenant in a rapidly growing market. The property is zoned commercial and was built in 2025. The 100% occupancy commenced February 4, 2025.