18972 COUNTY RD 125, Glen St. Mary, FL 32040
$1,564,923.69
Property Type:
Commercial Sale
Square Footage:
9,100
Lot Size (sq. ft.):
130,680
Status:
Closed
Current Price:
$1,564,923.69
List Date:
5/23/2018
Last Modified:
1/16/2025
Description
Newly Constructed Dollar General Store in Glen St. Mary, Florida. This is a new 15-year NNN lease with Four 5-year options. Each option has a 10% increase. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General, a stable, recession-proof tenant has corporately guaranteed the responsibilities and rent. Front entry prototype w/upgraded facade. High Yield Offering w/Investment Grade Tenant Guarantor.
More Information MLS# 938002
Contract Information
Current Price: $1,564,923.69
Sold Price: $1,564,923.69
Status: Closed
Listing Contract Date: 2018-05-23
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 18972
Street Name: COUNTY RD 125
County: Baker
State: FL
Postal Code: 32040
MLS Area Major: 502-Baker County-NW
General Property Information
Building Area Total: 9100
Building Area Source: Plans
Lot Size Acres: 3
Water Body Access YN: No
Waterfront YN: No
Stories Total: 1
Directions: From Glen St. Mary-Head N on Clinton Ave. Take 1st right on Mt. Vernon St. Turn left onto Glenn Ave. Continue on CR 125/Glenn Ave for approx. 8.6 mi to property.
Public Remarks: Newly Constructed Dollar General Store in Glen St. Mary, Florida. This is a new 15-year NNN lease with Four 5-year options. Each option has a 10% increase. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General, a stable, recession-proof tenant has corporately guaranteed the responsibilities and rent. Front entry prototype w/upgraded facade. High Yield Offering w/Investment Grade Tenant Guarantor.
List Price/SqFt: 171.97
Sold Price/SqFt: 171.97
Status Change Information
Major Change Timestamp: 2018-08-01T18:01:20Z
Major Change Type: Status Change
Purchase Contract Date: 2018-06-20
Close Date: 2018-07-30
Close Price: 1564923.69
Income and Expenses
Net Operating Income: 101720
Historical Information
Public Historical Remarks 1: Road Surface: Asphalt Road
Public Historical Remarks 2: Number of Buildings: 1 Building
Public Historical Remarks 3: Current Zoning: Com
Property Features
Current Use: Commercial; Retail
Heating: Electric
Listing Terms: Cash; Conventional
Possession: Subject To Tenant Rights
Roof: Metal
Sewer: Public Sewer
Tenant Pays: All Utilities; Insurance; Taxes
Water Source: Public
Listing Office: SWIFT CREEK REALTY & INVESTMENT CORP.
Last Updated: January - 16 - 2025
Information deemed reliable but not guaranteed.