Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Dollar General located in Crestview, Florida. This Dollar General offers a corporate guaranteed, triple net (NNN) lease with four, five-year tenant renewal options. There is a 10 percent rent increase in 2030 and again every five years thereafter throughout the option periods. Dollar General has been an industry leader for over 80 years with a BBB investment grade credit rating. Dollar General is on the NYSE with the symbol DG. As of January 2024, the company operates 19,643 stores across 47 states and employs approx. 185,800 people. Crestview, FL is part of Florida’s Emerald Coast and the Destin, FL metro area. The U.S. military has a very strong presence in the Emerald Coast region, driving the local economy. The Subject Property is 23 Miles from Eglin Air Force Base, the largest air force base in the world that comprises over 720 miles, has approx. 20,000 personnel and provides services for over 92,000. The Subject Property is one mile from Exchange at Crestview, a newly constructed 362-unit apartment community. This Dollar General has excellent access and visibility from Highway 85 with more than 28,000 vehicles daily. The average annual household income within one mile of the property is $88,939 and expected to reach $96,340 by 2028. Other surrounding retailers include Publix Supermarket, Winn Dixie, Rent-A-Center, Circle K, Tom Thumb, Great Clips, McDonald’s, Taco Bell, Wendy’s, Burger King, Wendy’s, Papa John’s Pizza, Jersey Mike’s, Sonic Drive-In, Little Caesars Pizza, Subway, Waffle House, Verizon, Synovus Bank and many more.