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

18972 COUNTY RD 125, Glen St. Mary, FL 32040

$1,564,923.69
Property Type: Commercial Sale Square Footage: 9,100 Lot Size (sq. ft.): 130,680 Status: Closed
Current Price: $1,564,923.69 List Date: 5/23/2018 Last Modified: 1/16/2025

Overview

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.

Listing Details MLS# 938002

General Property Information

Building Area Total
9100
Building Area Source
Plans
Lot Size Acres
3
Water Body Access YN
No
Waterfront YN
No
Stories Total
Yes
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.
List Price/SqFt
171.97
Sold Price/SqFt
171.97

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

Contract Information

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

Income and Expenses

Net Operating Income
101720

More Information

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

Location, Tax, and Legal

Parcel Number
291S21000000000060

Current Use

Commercial
Yes
Retail
Yes

Heating

Electric
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Tenant Pays

All Utilities
Yes
Insurance
Yes
Taxes
Yes

Water Source

Public
Yes
Listing Office: SWIFT CREEK REALTY & INVESTMENT CORP.
Source MLS Verified
Last Updated: January - 16 - 2025
Information deemed reliable but not guaranteed.