Family Dollar | Rare NNN Lease

Investment Highlights

RARE NNN CORPORATE LEASE WITH 10% RENT INCREASE NEXT YEAR
• The subject property has a corporate guaranteed NNN lease with 6 years remaining, with a 10% rent increase in 2026 which will increase your return by 84 basis points.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 10% rent increases in each of the six, 5-year option periods.

NEAR TALLAHASSEE, FL | CAPITAL OF FL
• This Dollar General is located 40 miles east of downtown Tallahassee off Interstate 10 (70,000 VPD)
• Tallahassee is the capital of Florida and is the largest city in the Florida Panhandle region.
• As the capital, Tallahassee is the site of the Florida State Capitol, Supreme Court of Florida, Florida Governor’s Mansion, and nearly 30 state agency headquarters.
• Tallahassee is home to one of the most competitive collegiate athletics programs in the nation, the Florida State Seminoles of Florida State University (45,493 Students).
• Florida State football games bring in a significant amount of tourism to Leon County, which has a $95 million economic impact annually.
• The Tallahassee International Airport supports over 66,800 aircraft operations and 864,432 passengers per year.

INTERSTATE LOCATION
• The subject property is located off Interstate 10 (70,000 VPD).
• The interstate from Jacksonville, FL to Los Angeles, CA.

LOW RENT & PRICE POINT STORE
• The subject property has a low rent $104,385 ($12.54/SF) that equates to a low price of $1,229,000.

FLORIDA IS A TAX FREE STATE
• Florida is one of seven states that have no income tax.
• Florida also has no estate tax.

FAMILY DOLLAR HAS OVER 7,625 STORES IN 49 STATES
• Family Dollar has over 7,625 stores across 49 states and territories in the United States.
• The 2nd most Family Dollar locations are in FL, with 510 stores in the state.
• Family Dollar has been in business for 65 years and has a net worth of over $30.6 billion (2024).