710 REID Street, Palatka, FL 32177 (MLS# 919902)

$2,040,000

710 REID Street
Palatka, FL 32177
MLS# 919902
Status: Closed

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Property Description
Newly Constructed Dollar General store located in Palatka, FL. Dollar General has guaranteed a new 15-year NNN lease with Four 5-year 10% increases. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the responsibilities and rent guaranteed by a stable, recession-proof tenant.

Details

Documents

Location, Tax, and Legal

Parcel Number: 421027685005600060

General Property Information

Lot Size Acres: 2.08

Water Body Access YN: No

Waterfront YN: No

Directions: From FL-100 in Palatka, Travel East to Reid Street. Site will be on the left.

Public Remarks: Newly Constructed Dollar General store located in Palatka, FL. Dollar General has guaranteed a new 15-year NNN lease with Four 5-year 10% increases. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the responsibilities and rent guaranteed by a stable, recession-proof tenant.

Building Area Total: 10640

Stories Total: 1

Building Area Source: Plans

List Price/SqFt: 196.94

Sold Price/SqFt: 191.73

Year Built: 2018

Current Use

Commercial: 1

Retail: 1

Heating

Central: 1

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, Possible Financing-1031 Exchange: Y, Approx. Total SqFt: 10640.00

Public Historical Remarks 2: Number of Buildings: 1 Building

Public Historical Remarks 3: Current Zoning: C

Contract Information

Current Price: $2,040,000

Sold Price: $2,040,000

Status: Closed

Listing Contract Date: 2018-02-06

Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 710

Street Name: REID

Street Suffix: Street

County: Putnam

State: FL

Postal Code: 32177

MLS Area Major: 561-Greater Palatka

Status Change Information

Major Change Timestamp: 2018-06-18T19:03:16Z

Major Change Type: Status Change

Purchase Contract Date: 2018-04-11

Close Date: 2018-06-13

Close Price: 2040000

Property Features

Current Use: Commercial; Retail

Heating: Central

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 - 14 - 2025

Information deemed reliable but not guaranteed.