New Build-to-Suit Construction on Oversized 2.54±AC Parcel with Direct Frontage to US HWY 1 South, a Prominent Commercial Corridor in the City and Exposing Subject to Over 25K Vehicles-per-Day. New 15-Year Lease featuring ten (10) percent Increases at Commencement of each Renewal Option Periods | Investment Grade Tenant, Rated 'BBB' by S&P / Baa2 by Moody's [NYSE: DG]. The City of Vero Beach has experienced consistent annual growth of 1.7% and its population has grown by 7.17% since the most recent Census in 2020.
Highlights
Build-to-Suit Construction on Oversized 2.54±AC Parcel with Direct Frontage to US HWY 1 S Exposing Subject to Over 25K±AADT
New 15-Year Lease with ten (10%) percent Increases at each of the three (3) five-year Renewal Option Periods
Dollar General is the Nation's Largest Small-Box Retailer and recently reported Q2 2024 Net-Sales increased 4.2% to $10.2B in Company's Second Quarter Earnings Report (Ending on August 2, 2024) compared to $9.8B in Q2 of 2023
The City of Vero Beach has experienced consistent annual growth of 1.7% and its population has grown by 7.17% since the most recent Census in 2020
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.
