Build-to-Suit Dollar General on Oversized 1.57±AC Parcel situated on Hard Signalized Corner with Exposure to Over 44K VPD | Recent Rare 15-Year Renewal, Corporate-Backed 15-Year Lease with Six (6), 5-Year Extension Options. Lease Features ten (10) percent Rental Increases at Commencement of each Renewal Option Period | Investment Grade Tenant, Rated 'BBB' by S&P / Baa2 by Moody's [NYSE: DG]. Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area.
Highlights
Direct Frontage to Hallandale Beach Boulevard, the dominant retail corridor providing Property with high visibility and easy accessibility. The BLVD is a bustling corridor that connects various parts of Broward County and leads directly to the beaches, making it an ideal high-traffic area.
Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area.
Property benefits from excellent transportation links. It's easily accessible by car, with major highways like I-95 & US-1 nearby, facilitating travel to and from Miami, Ft. Lauderdale, and other significant South Florida cities. Public transportation options, including bus routes along Hallandale Beach Boulevard, enhance connectivity.
Broward County is the 2nd most populous County in Florida and the location also benefits from its close proximity to the 1st most populous County in FL, Miami-Dade County.
Dollar General is Nation's Largest Small-Box Retailer and recently reported Q3 2023 Net-Sales increased 2.4% to $9.7B in Company's Third Quarter Earnings Report (Ending on Nov. 3, 2023) compared to $9.5B in Q3 of 2022.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
