Other, FL 32702,42420 SR 19

$2,151,596

Est. payment /mo

$2,188,064

1.7%
Est.Price: ?

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42420 SR 19 Other, FL 32702

9,100 SqFt

SOLD DATE : 10/07/2020

Key Details

Sold Price $2,151,596

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 9,100 sqft

Price per Sqft $236

MLS Listing ID GC437648

Sold Date 10/07/20

HOA Y/N No

Year Built 2020

Annual Tax Amount $1,982

Lot Size 1.990 Acres

Acres 1.99

Property Description

Newly Constructed Dollar General store with a new 15-year NNN lease with four (4) 5-year lease renewal options. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an investment grade tenant with an S&P rating of BBB. This offering represents an ideal opportunity for a 1031 eschange guyer or a "passive" investor. This passive investment offers buyers a secure investment with no landlord responsibilities and rent guaranteed by a stable, recession and e-commerce resistant tenant. This seller is a trusted Dollar General developer with a meticulous construction and transaction process that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations over 10+ years. This Seller has negotiated special financing terms with may be extended to the buyer on this transaction, which may provide substantia cost savings and increased IRR to buyer.

Location

State FL

County Lake

Interior

Heating Central, Electric

Cooling Central Air

Exterior

Parking Features Parking Spaces - 19 to 30

Roof Type Metal

Building

Lot Description Other

Lot Size Range 1 to less than 2

Structure Type Metal Frame,Metal Siding

Others

Acceptable Financing Other

Listing Terms Other

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Stellar MLS
Listed by Swift Creek Realty
Bought with Out Of Area Firm (See Remarks)

Brian Hawes

Advisor | License ID: SL3425990

+1(760) 828-8340

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