Investment Highlights
- 15-Year, Corporate Guaranteed Lease with 10 Years Remaining on Base Term
- Absolute Triple Net Lease with Zero Landlord Responsibilities
- Three, Five-Year Tenant Renewal Options | 10 Percent Rent Increases Every Five Years in Option Periods
- Upgraded Construction, Period Design; Architecturally Pleasing Entrance
- Dollar General is a NYSE Rated Company: BBB Credit | Company Operates 18,130 Stores in 46 States as of January 2022
- Located at the Intersection of Dixie Highway and Oslo Boulevard with a Daily Traffic Count of More Than 22,900 Vehicles | Off U.S. Route 1 with More Than 34,500 Vehicles Daily
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Dollar General in Vero Beach, FL. This Dollar General offers a fifteen-year, triple net corporate guaranteed lease with 10 years remaining on base term and three, five-year tenant renewal options.
This Dollar General is located at the intersection of Dixie Highway and Oslo Boulevard with a daily traffic count of more than 22,900 vehicles, and directly off U.S. Route 1 with more than 34,500 vehicles daily. Average household income is $89,858 in five miles of property.
The property is located four miles from Vero Beach’s downtown area, five miles from South Beach Park – miles of sand, beautiful beaches and tennis courts, and 5.5 miles from Vero Beach Regional Airport. Vero Beach is located along Florida’s Atlantic Coast and is a haven for golf, water sports and fishing. Indian River County is a nature lover’s dream destination with over 100,000 acres of conservation land.
