5866 Stewart St, Milton, FL 32570-3632

This exceptional investment opportunity presents a fee-simple ownership of a Dollar General store located at 5866 Stewart St, Milton, FL 32570, in Santa Rosa County. The 9,014 square foot property sits on a 1.41-acre lot and boasts a 7.25% cap rate, generating a net operating income (NOI) of $94,944. Built in 2009, the property benefits from a long-term net lease (NN+) with Dollar General, a credit-rated tenant with a corporate guarantee, extending until September 30, 2030 (6.2 years remaining). The lease includes three, 5-year options with a 10% rent increase every five years. The property enjoys 100% occupancy and benefits from a strong location with daily traffic counts exceeding 16,100 vehicles. The surrounding area features a robust population base, with 100,000 residents within a 10-mile radius and 50,057 within 5 miles, exhibiting an average household income of $96,550 annually. Nearby establishments include Publix, Planet Fitness, Tractor Supply, Truist Bank, Advance Auto, Winn Dixie, and King Middle School and Milton High School. The tenant also contributes an additional $300 monthly towards parking lot maintenance. This property offers a secure, high-yield investment in a prime retail location with a financially stable, essential business tenant. The property is conveniently located 5 miles south of NAS Whiting Field. Dollar General's strong financial performance and commitment to this location, evidenced by an early lease extension, make this a compelling investment opportunity.