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

710 REID Street, Palatka, FL 32177

$2,040,000
Property Type: Commercial Sale Square Footage: 10,640 Lot Size (sq. ft.): 90,605 Status: Closed
Current Price: $2,040,000 List Date: 2/06/2018 Last Modified: 1/14/2025

Overview

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.

Listing Details MLS# 919902

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
Yes
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

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

Contract Information

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

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

More Information

Location, Tax, and Legal

Parcel Number
421027685005600060

Current Use

Commercial
Yes
Retail
Yes

Heating

Central
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 - 14 - 2025
Information deemed reliable but not guaranteed.