Dollar Tree-Leesburg
Closed10650 CR 44, Leesburg, FL 34788
Property type
Retail
Unit / Space count
1
Price
$1,774,000
Building size
9,100 sf
Rentable area
9,100 SF
Year built
2015
Year renovated
Occupancy
Zoning code
Lot size
1.45 Acres
Sold/status
Sold · Date unknown
Sale price
$1774000
Property description
Franklin Street Real Estate Services is pleased to present this newly constructed, freestanding Dollar General located in Leesburg, Florida. Leesburg is part of Lake County and is situated in Central Florida along U.S. County Road 44 between Lake Harris and Lake Griffin. It is part of the Orlando-Kissimmee-Sanford MSA and is the home of Lake-Sumter State College and Beacon College. The property is situated on County Road 44 (12,000 VPD), which is the major east-west highway through Leesburg. The proposed site is in a highly visible location with easy vehicle access. The building will be a new 9,100 SF prototype on a large 1.45±-acre parcel.
Property highlights
- Dollar General has signed a new 15-year NNN lease that commenced in December 2015. Dollar General is responsible for all maintenance, repairs, taxes and insurance for the premises. The lease has 10% rent increases in each five-year option period. This investment provides an investor the opportunity to acquire a passive investment with an investment grade tenant that is recession proof in a market with minimal competition and strong consumer demand.