5283 Highway 231Campbellton, FL 32426

Property Details for 5283 Highway 231

Year built

2014

Construction

STEEL FRAME

Lot size

1.14 AC

Property size (Sq ft)

9,507 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

02-6N-12-0000-0180-0020

APU

026N12000001800020

Description

This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 5283 Highway 231, Campbellton, Florida 32426. Built in 2014, this absolute NNN leased property boasts a 7.25% cap rate and a compelling $1,141,779 asking price. The lease, with 4.4 years remaining on the initial 15.1-year term, includes four, five-year renewal options with built-in rent increases. Landlord responsibilities are zero, as the tenant fully reimburses for real estate taxes and participates in Dollar General's national insurance program. Strategically positioned at a signalized intersection of Highway 231 and FL State Road 2, this location benefits from high daily traffic counts exceeding 17,000 vehicles. The property sits on a 1.14-acre lot and enjoys a competitive advantage as the only Dollar General within several miles, serving both local residents and through-traffic. The surrounding area features a strong agricultural presence and highly-rated ("A" grade) public schools. Campbellton's location, approximately one hour north of Panama City, adds to its appeal. This investment-grade property, backed by a strong tenant with an S&P "BBB" credit rating, offers a secure and profitable return. The price per square foot is $125.47, and the annual net operating income (NOI) is $82,779.

Location Insight

City

Campbellton

County

Jackson

State

Florida

Latitude

30.9514

Longitude

-85.4029

Property Tax & Assessments

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