18972 COUNTY RD 125, Glen St. Mary, FL 32040 (MLS# 938002)

$1,564,923.69

18972 COUNTY RD 125
Glen St. Mary, FL 32040
MLS# 938002
Status: Closed

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Property 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.

Details

Location, Tax, and Legal

Parcel Number: 291S21000000000060

General Property Information

Lot Size Acres: 3

Water Body Access YN: No

Waterfront YN: No

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.

Building Area Total: 9100

Stories Total: 1

Building Area Source: Plans

List Price/SqFt: 171.97

Sold Price/SqFt: 171.97

Current Use

Commercial: 1

Retail: 1

Heating

Electric: 1

Income and Expenses

Net Operating Income: 101720

Listing Terms

Cash: 1

Conventional: 1

Possession

Subject To Tenant Rights: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Tenant Pays

All Utilities: 1

Insurance: 1

Taxes: 1

Water Source

Public: 1

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

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

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

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.