Pensacola, FL
Price: $2,069,832
Cap Rate: 5.35%
Status: AVAILABLE
Dollar General
8614 N Davis Highway | Pensacola, FL 32514
Blue West Capital is pleased to exclusively offer for sale a Dollar General located in Pensacola, which is one of the largest MSAs in the Gulf Coast Region with over 505,000 people. This property offers a long-term lease with approximately ten years remaining, with zero landlord responsibilities.
Positioned one-half mile north of West Florida Healthcare Hospital and approximately one mile north of Interstate 10 in a densely populated area with 105,000 people living within five miles. Dollar General is an investment grade rated tenant (S&P: BBB) and is the leading dollar store retailer with a $52 billion market capitalization.
- Recent early lease extension
- Dollar General is committed to this location evidenced by the early lease extension
- Retailers in the immediate vicinity include Target, Publix, Kohl’s, CVS, Walgreens, Ross Dress For Less, and many others
- Florida is an income tax-free state
OFFERING SUMMARY
Price: $2,069,832
Cap Rate: 5.35%
Building Size: 9,014 SF
Lot Size: 1.75 Acres
INVESTMENT CONTACT
ZACH WRIGHT
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com
BRANDON WRIGHT
Analyst
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com