Description
Description
PROPERTY is a 9,014 SF building on approximately 1.3 acres located on Highway 90 in Milton, FL.
TENANT RESPONSIBILITIES: RE Taxes, Insurance, Utilities, Quarterly HVAC Preventative Maintenance, Minor CAM (less than $1,000, Parking Lot - $3,605.64 per Year
LANDLORD RESPONSIBILITIES: Roof, Structure, Parking Lot, Major CAM (more than $1,000 per occurence) Maintenance contract for HVAC
Area Description
AREA TENANTS INCLUDE: Quizno's, Waffle House, Exxon, Red Carpet Inn, Comfort Inn, Tom Thumb Food Store
MILTON is a in Santa Rosa County and located approximately 18.8 miles Northeast of Pensacola, FL and 68.7 Southeast of Mobile, AL. Milton's population was 7,045 at the 2000 census.
Business Notes
LEASE GUARANTOR: Dollar General Corporation
S & P RATING: B+
TRADE SYMBOL: DG - NYSE |
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Lot Size: 56,628 ft.2
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Year Built: 2007
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Net Operating Income: $66,000
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Sale Status: Active
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Price: $755,000
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Capitalization Rate: 0.09%
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Occupancy Rate: 100%
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