Dollar General Market NNN Property For Sale — DeFuniak Springs, FL
Florida State Road 83, DeFuniak Springs, FL 32433
This brand new 10,640 square foot Dollar General Market in DeFuniak Springs, Florida offers an exceptional investment opportunity. The property features an Absolute NNN Lease with zero landlord responsibilities, boasting 5% rent increases every 5 years, including at each of the five 5-year options to renew. The lease is corporately guaranteed by Dollar General Corporation, an investment-grade tenant with a "BBB" credit rating. The store, currently under construction and set to open in early August 2025, strategically fronts County Hwy 181 E & FL-83, benefiting from high visibility and limited local competition. This offering is ideal for a 1031 exchange or passive investor seeking a secure asset with a strong tenant in a growing market.
- Address: Florida State Road 83, DeFuniak Springs, FL 32433
- Asking price $2.52M
- 6.00% cap rate
- NOI $151,344
- 13.9 years remaining
- NNN lease
- Year built: 2025
- Building size: 10,640 SF
- Lot size: 1.75 acres
- Lease expiration: Aug 1, 2040
- Rent increases: 5% every 5 years; 5% at each option
- Guarantor: Corporate
Location
This Dollar General Market property is at Florida State Road 83 in DeFuniak Springs, Florida.
Asset type: Retail