Dollar General

2040 NE 35th St, Ocala, FL 34479

$1,678,829

Cap Rate 6.75%

$1,743,000

Cap Rate 6.50%

Updated: 06.14.24 Posted: 05.16.23 Status: Sold

Summary

Price $1,678,829 $1,743,000	Built/Renov 2012	Tenant Dollar General
Cap Rate 6.75% 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,026	Lease Start 04-01-2013	#Units 19,986
Price/SF $186.00 $193.11	Expiration 03-31-2028	Tenant Type Dollar/Discount
NOI $113,321	R. Term 2.11	Ownership Fee Simple
Rent/SF $12.55	Increases 10.0%/5/yrs	Pop 5Mi 77,819
Lot/AC 1.98	Options 4/5yrs/10%	AHHI 5Mi $73,003

Lease Highlights

Dollar General has been operating in this location since 2012
Tenant has over 4 years remaining on the current lease term with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Corporate guarantee by Dollar General Corp. (NYSE: DG)
Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This 9,026 square foot Dollar General is situated on 1.98 acres at the hard corner intersection of Northeast 35th Street and Northeast 19th Avenue with access to 8,785 vehicles per day. The site is situated along a major thoroughfare with national/credit tenants including Publix, Bank of America, Lowe’s, Wendy’s, and Big Lots. The 5 mile trade area is supported by 77,819 residents earning an...

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Key Features

Re-purpose building
Major thoroughfare
Strategically located
Top 100 MSA
Income tax free state
Absolute NNN
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Ocala, Florida Zip Code 34479 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,168	37,179	76,757
2023 Total Population :	6,296	37,670	78,194
2023 Employed Civilian Pop :	2,734	16,427	33,459
2023 Total Businesses :	130	2,615	5,065
2023 Average Household Income :	$ 68,324	$ 72,750	$ 77,402
2023 Total Consumer Spending :	$ 142 M	$ 1009 M	$ 2163 M
2023 Median Age :	43	43	44
2023 Total Households :	2,383	15,831	31,992
2023 Pop Age 25+: Bachelor's Degree :	433	3,468	8,480
2023 Average Home Value :	$ 163,282	$ 201,541	$ 229,467

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
NE 35th St	NE 24th Ct	2008	8,600	0.38 mi
NE 35th St	NE 26th Ave	2008	7,200	0.53 mi
Northeast 25th Avenue	NE 28th St	2021	8,700	0.65 mi
Northeast 19th Avenue	NE 24th St	2021	2,400	0.74 mi
NE Jacksonville Rd	NE 36th St	2008	8,500	0.78 mi
Northeast 24th Street	NE 22nd Ave	2021	3,500	0.79 mi
NE 25th Ave	NE 26th St	2008	9,200	0.80 mi
Northeast Jacksonville Road	NE 42nd St	2021	12,400	0.86 mi
NE 8th Rd	NE 32nd Pl	2008	11,400	0.87 mi
Northeast 28th Street	NE 12th Ct	2021	3,200	0.91 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
34800 Views
63 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
37565 Views
68 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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