3494 Washington StChipley, FL 32428
15-Year NNN Lease, 6.35% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $2,500,346 Asking Price for a 10,640 SF Dollar General Market in Chipley, FL.
- Absolute NNN Net Lease with a 15.1-year term commencing December 2024.
- Investment-grade tenant (Dollar General) with a BBB credit rating and corporate guarantee.
- 6.35% Cap Rate based on a $158,772 NOI.
- 5% rent increases every 5 years, including option periods.
Property Details for 3494 Washington St
- Property type
- Retail properties, Retail space
- Square Feet
- 10,640 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 64,904 SF
- Units
- 1
Location Insight
- City
- Chipley
- County
- Washington
- State
- Florida
- Latitude
- 30.6347706
- Longitude
- -85.5873215
Nearby Similar for Sale
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