725 S Lake Shore Way, Lake Alfred, FL 33850

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Building Details:

• Year Built: 2002

725 S Lake Shore Way is located in Lake Alfred, FL.

-National Credit Tenant
-Proven Location With Extended Initial Term (Expires 2019)
-Corporate Guaranteed ($11.796 Billion Sale/$3.3 Billion Net Worth Approximately)
-Next Increase In Rent 10% In 36 Months
-Two Five-Year Option Remaining Also With 10% Increases
-100% Reimbursement For Real Estate Taxes & Insurance

This is an excellent investment property with a 10 year lease term effective 7/1/2009. Asking price reflects a blended CAP rate due to a mid-term rent increase of approximately 10%.

The Dollar General is a proven location. The subject property is an 8,000 square foot building built in 2002. The rent is Double (NN) Net offered at an 8.4% Cap Rate. Minimal maintenance is required with 10% increase in year 6 and a 10% increase during each of the two-five year options remaining.