$2,040,000
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
General Property Information
Building Area Total: 10640
Building Area Source: Plans
Year Built: 2018
Lot Size Acres: 2.08
Water Body Access YN: No
Waterfront YN: No
Stories Total: 1
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.
List Price/SqFt: 196.94
Sold Price/SqFt: 191.73
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
Offering Memorandum Listing Office: SWIFT CREEK REALTY & INVESTMENT CORP.
Last Updated: January - 14 - 2025
Information deemed reliable but not guaranteed.