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SOLD: 441 East Myers Blvd.

$1,482,000

Mascotte, Florida

9,146 sq ft

PROPERTY DETAILS

Property Type: Commercial Investment, Retail

Location: 441 East Myers Blvd, Mascotte, Florida 34753

County: Lake

PIN: 142224000200001900

Zoning: PUD-CM


This 9,146 +/- SF Dollar General and accompanying 4,300+/- SF vacant pad on a total of 2.87 +/- acres is located in Mascotte, FL on East Myers Blvd. (SR 50). The property is highly visible from SR 50 and is surrounded by major retailers such as Family Dollar, Advance Auto Parts, Tractor Supply Co. and Publix among others. The current lease was extended early through 5/31/2023, and Dollar General has additional renewal options to extend until 2032.

Dollar General Corp. is one of the largest and most creditworthy retailers in America with $27.8 billion in annual sales, and 16,268 stores for the year 2019 and strong credit history.

Description: $1,352,000 for Dollar General, and $130,000 for the building pad
Cap rate of 7.5% on Dollar General only

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