Property details
1031 NNN, Southeast Region
Property Description
1031 NNN
• Well Located 1031 NNN investment property
• Great 1031 NNN Tenant
• Perfect NNN investment for a 1031 exchange
• Newly renewed lease with further options
1031 NNN investment consisting of a Dollar General lease. Ideal 1031 NNN investment property with a very strong tenant living off the crumbs of Wal-Mart. Satisfy your 1031 exchange with this NNN retailer with more than 8,400 discount stores in about 35 states, primarily in the southern and eastern US, the Midwest, and the Southwest.
The rent figure shown includes overage amount.
Other property related to 1031 NNN
» NNN Property Search
Search for all NNN properties related to 1031 NNN by choosing "Detailed" Search Type, then checking the "Absolute Triple-Net (NNN) Only" box at the bottom of our PROPERTY SEARCH form. Fine tune your nnn property search with other features like by minimum number years that must be remaining in the primary lease term, price range, etc.
» Net Lease Property Search
Search for all Net Lease properties related to 1031 NNN by unchecking the "Property Types" box in our PROPERTY SEARCH form, then check the box for "Net Lease". Fine tune your net lease search with other criteria like by CAP rate, price per square foot (PSF) in a Detailed Search Type, etc.
» Ground Lease Property Search
Search for all Ground Lease properties related to 1031 NNN by using our PROPERTY SEARCH, expand the Property Types, then check the box for "Ground Lease". Fine tune your ground lease search with other criteria like by CAP rate, etc.
» Tenant Search
Search for a specific Tenant by typing in a partial name of the tenant in the using in the Property/Tenant box of our PROPERTY SEARCH form. Fine tune your tenant search with other criteria like by Industry Type found in a Detailed Search Type.
» Portfolio Search
Search for all Portfolios related to 1031 NNN by unchecking the "Property Types" box in the PROPERTY SEARCH form, then check the box for "Portfolios". Fine tune your portfolio search with other criteria like minimum square footage, price range, etc.
Note: Approved principal buyers are the only authorized users of the property search form.
Images
Highlights
- Status:
- Available
- Price:
- $550,000
- PSF:
- $76
- Cap Rate:
- 7.90%
- Annual Rent:
- $50,404
- Rent Increases:
- Yes - Inquire
Property Information
- Building Size:
- 7,200 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Dollar General
- Lease Type:
- Modified NNN
- Lease Commencement:
- 2/1/2003
- Lease Expiration:
- 2/1/2013
- Lease Term:
- 10 years
- Years Remaining:
- 3 years
- Landlord Responsibilities:
- Typical Dollar General lease with CAM reimbursements.
- Options:
- 5 option terms of 5 years each.
Existing financing information
- Interest rate:
- 0.0%
- Amortized over:
- 0 years
- Annual Cash Flow:
- $50,404
- Cash on Cash Return:
- 9.16%
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.