Bull Realty is pleased to offer this single tenant NNN leased Family Dollar investment property, located in Pensacola, Florida, which has a population of over 140,435 within a 5-mile radius. Built in 2016, this 15-year NNN lease has six 5-year options and is guaranteed by Family Dollar, a subsidiary of Dollar Tree. The initial term runs through March 2032. Unlike its main competition in the small box dollar store space, this Family Dollar lease has a 10% rent increase in Year 11 of the initial term and in each option period. As an absolute NNN lease, there are no landlord responsibilities. Family Dollar has recently discontinued offering 15 year NNN leases with its new locations and only offers shorter term, 10 year NN leases, which give the landlord responsibility for roof, structure and more.

Location Description:

Pensacola is the county seat of Escambia County, located on the Florida Panhandle with a population of over 311,000 and the beneficiary of over 2.1 million visitors each year. The area is known for its beautiful beaches and seafood as well as being called