For Sale
$2,366,438

7577 Fl-189Baker, FL 32531

High-Yield NNN Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, freestanding Dollar General store in Baker, Florida, within the Ft. Walton Beach/Destin MSA. Built in 2024, this 10,640 square foot property boasts a 14.8-year remaining lease term (expiring 08/31/2039) with a strong corporate guarantee. The lease features five 5-year option periods, each with a guaranteed 5% rental increase. The property commands a price per square foot of $222.41 and offers a substantial annual net income. Located at 7577 FL-189, Baker, FL 32531, this single-tenant, 100% occupied asset benefits from a prime location, serving as the only Dollar General within a 9.7-mile radius. The surrounding area showcases an average household income exceeding $98,449 within a 5-mile radius, indicating strong potential for sustained sales performance and minimal competition. This is a compelling opportunity to acquire a stable, high-yield, NNN investment with significant long-term growth prospects. The property is conveniently located less than an hour from the Florida Panhandle and 22 miles from Interstate 10. This is a rare chance to own a newly constructed, corporate-backed Dollar General in a thriving market. The asking price is $2,366,438.

Property Details for 7577 Fl-189

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Stories
1

Location Insight

City
Baker
County
Okaloosa
State
Florida
Latitude
30.924744
Longitude
-86.6359559
7577 Fl-189, Baker, Florida

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7577 Fl-189
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