This exceptional investment opportunity presents a single-tenant, 7,600 square foot Dollar General store located at 31285 Blue Star Hwy, Midway, FL 32343. Boasting a 3.75% cap rate and a strong lease with Dollar General Corporation (NYSE: DG) as guarantor, this property offers significant returns. The current lease, a Net Net lease, extends until April 30, 2030, with four five-year renewal options, ensuring long-term stability. The property sits on one acre of land and includes a 9,100 square foot building constructed in 2008. The store enjoys high foot traffic, ranking #3 out of 24 Dollar Generals within a 15-mile radius and #307 out of over 1,000 in Florida. Its prime location just off US 90 provides easy access for commuters and benefits from proximity to I-10 and a Camping World location. The property is situated in a growing area of Midway, near new home communities and commercial developments, including the Hammock Creek Commerce Park. Midway's location within the Tallahassee metropolitan area (population 390,992 in 2022) further enhances its appeal, benefiting from the presence of three major universities and numerous state agencies. The asking price is $1,420,867, with an annual rent of $74,400 and monthly parking lot maintenance costs of $338.03. Tenant responsibilities include real estate taxes, building insurance, and minor repairs (under $750), while the lessor is responsible for roof, structure, and major capital expenditures (over $750). This is a rare opportunity to acquire a well-performing asset in a thriving market.
Highlights
Annual rent: $74,400, including $4,056 annual parking lot maintenance.
Lease term: August 13, 2007 – April 30, 2030, with four 5-year renewal options.
Building size: 9,100 SF (7,600 SF rentable), situated on 1 acre.
Tenant responsibilities: Real estate taxes, building insurance, and minor repairs (under $750).
Landlord responsibilities: Roof, structure, and major capital expenditures (over $750).
Tenant: Dollar General Corporation (NYSE: DG).
Property Details
for 31285 Blue Star Hwy
Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Location Insight
City
Midway
County
Gadsden
State
Florida
Latitude
30.5019303
Longitude
-84.4496894
31285 Blue Star Hwy, Midway, Florida
Nearby Similar for Sale
For Sale
$169,000
Midway, FL Retail Investment Opportunity
High-traffic location, diverse development potential.
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Contacts
Carlos Bonilla Fuentes
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31285 Blue Star Hwy, Midway, Florida, 32343
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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31285 Blue Star Hwy
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