Dollar General | ESSENTIAL Business | New Corporate-Backed NNN Lease Harmony (Orlando MSA) FL
Irlo Bronson Mem HWY
Saint Cloud, FL 34771
FL Retail Advisors is pleased to offer the fee simple interest in a brand new Build-to-Suit freestanding Dollar General store that operates under a Triple-Net 'NNN' lease with approximately 15± years remaining on the term and with three (3) successive five-year option periods to extend. Subject is strategically situated with direct frontage to U.S. Route 192, a major Florida highway running east to west and traversing central Florida.
Dollar General Corporation(1), the Guarantor under the Lease, carries an Investment Grade Rating of "BBB" from Standard & Poor's. Dollar General Corporation's net sales increased 9.0% to $6.1 billion in the first quarter of 2018 compared to $5.6 billion in the first quarter of 2017. Dollar General has become one of the fastest growing retailers in the United States with 16,368 locations nationwide across 45 states. Dollar General has had 30 consecutive years of same-store sales growth through FY 2019, and reported net sales of $27.8 Billion for FY 2019.
The building was originally designed and developed on a build-to-suit basis for Dollar General with concrete block and metal structure, stucco exterior walls, quality construction.
As of 02/28/2020 Dollar General operates 16,368± stores across 45 states. Dollar General opened 510 new stores in the first half of 2018 and plans to increase that number to 900 by year end and employs more than 143,000 people through its 16,300± retail stores and 17 traditional distribution centers and five DG Fresh cold storage facilities and private fleet network. Approximately 75 percent of the American population is within five-miles of a Dollar General.
Dollar General Corporation is ranked #119 for the Fortune 500 in 2019, which is up four spaces from its previous position in 2018 at #123.
- Brand New 2020 Construction | Build-to-Suit Design
- Captive Consumer Base in Immediate Area
- 15± Years Remaining on Primary Lease Term
- Essential Business with Direct Frontage to U.S. Route 192
- Corporately Guaranteed 'NNN' Lease with Credit Tenant (S&P: BBB)
- Approx. 75 Percent of American Population is within Five-miles of a Dollar General