| Purchase Price | $3,300,000 |
|---|---|
| Annual Rental Income | $214,500 |
| Cap Rate | 6.5% |
| Lease Term | 15 Years |
| City | Port St. Lucie MSA |
Port St. Lucie, FL MSA
15-Year Absolute Net Lease
This offering represents a premier net lease investment opportunity to acquire a Dollar General property in the rapidly growing Port St. Lucie metropolitan market. Featuring fee simple ownership and a long-term 15-year absolute net lease backed by a strong corporate guarantee, this asset provides investors with a secure, predictable income stream from one of the nation’s largest and most stable discount retailers. The property’s location in a high-traffic retail corridor with excellent visibility and easy accessibility makes it an ideal choice for investors seeking long-term cash flow with minimal landlord responsibilities.
Location and Market Overview
Port St. Lucie is a vital component of the Miami-Fort Lauderdale-Port St. Lucie MSA and one of the fastest-growing cities in Florida and the nation. With a population exceeding 470,000, the city is experiencing robust residential and commercial development, fueled by strong migration, an expanding healthcare sector, and a large retirement community. Its favorable tax climate, quality of life, and proximity to South Florida’s major employment centers contribute to steady growth.
The property is located on a well-traveled retail corridor with daily traffic counts surpassing 24,000 vehicles. Positioned near key arterial roads and surrounded by a mix of national and regional retailers, the site benefits from excellent visibility and a high volume of both local and commuter traffic. These factors contribute to the store’s strong customer base and make this asset a cornerstone retail location in Port St. Lucie’s growing commercial landscape.
Demographics
The demographics around the property demonstrate a solid consumer base supporting Dollar General’s business model. Within a three-mile radius, the population exceeds 60,000 residents with an average household income around $66,000. Expanding to five miles, the population grows to over 130,000, maintaining steady household income levels. This demographic profile aligns perfectly with Dollar General’s target customer — value-conscious shoppers in stable and growing suburban and semi-rural markets.
Property Details
This Dollar General asset consists of a modern, freestanding 9,100-square-foot store constructed to the tenant’s latest prototype specifications. The building features an efficient retail layout designed to optimize customer flow and maximize sales per square foot. Situated on approximately 1.3 acres, the site includes ample parking for customers and delivery trucks, with convenient ingress and egress that accommodates high traffic volumes safely and efficiently.
The property’s fee simple ownership structure ensures the investor holds full rights to both the land and improvements, free from any ground lease encumbrances. This ownership provides enhanced control, stability, and flexibility, factors that contribute significantly to the property’s overall value and appeal.
Lease Structure and Tenant Guarantee
Leased to Dollar General Corporation under a 15-year absolute net lease, the tenant is responsible for all operating expenses including property taxes, insurance, and maintenance. This absolute net lease structure ensures a truly passive income for the landlord, with minimal involvement in day-to-day management or property upkeep.
Dollar General is a Fortune 500 company operating over 19,000 stores nationwide, known for its consistent expansion and stable cash flows. The corporate guarantee attached to the lease provides investors with top-tier financial security, reducing risk and enhancing the property’s attractiveness to institutional and private buyers alike.
Surrounding Area and Trade Drivers
Port St. Lucie’s economy is diverse, supported by healthcare, retail, education, and construction industries. The city’s rapid population growth has driven a surge in residential construction, retail development, and infrastructure investments. The Dollar General store is strategically placed to serve the local population as well as the surrounding semi-rural communities, where value-oriented retail options are in demand.
The site is proximate to numerous residential subdivisions, schools, and essential services, which collectively generate steady foot traffic. Additionally, the area’s expanding healthcare sector and planned commercial developments indicate continued growth, supporting the tenant’s long-term operational success.
Investment Highlights
Buyer Profile and Financing
This asset is ideal for 1031 exchange buyers, institutional investors, REITs, family offices, and private equity firms seeking a secure, long-term net lease investment with a creditworthy tenant. The fee simple ownership, corporate guarantee, and absolute net lease structure make the property highly financeable, allowing buyers to leverage attractive loan terms.
Conclusion
This Dollar General property in Port St. Lucie, FL, offers a best-in-class net lease investment featuring a long-term lease, corporate-backed financial security, and a prime retail location in one of Florida’s fastest-growing markets. The asset delivers predictable, inflation-protected income with minimal landlord obligations, making it an excellent addition to any net lease portfolio.
Qualified investors are encouraged to request the full offering memorandum, lease details, and financial analysis.