INVESTMENT OVERVIEW:
Price: $1,839,000
CAP Rate: 6.35%
Net Operating Income: $116,772
Square Footage: 9,100
Lot Size: 2.57 AC
INVESTMENT HIGHLIGHTS:
- Absolute NNN Lease
- Corporate Guarantee
- Income Tax Free State
- Investment Grade Credit
- S&P Rated BBB-
- Scheduled Increases
- Trophy Location
- Zero Landlord Obligations
PROPERTY INFORMATION:
The subject offering is an absolute NNN leased Dollar General in Jacksonville, Florida. There are 10 years remaining on the initial 15 year term. The lease calls for 10% rental increases every 5 years during the four 5 year option periods. The property is located less than 2 miles from I-295 and less than ½ mile from Herlong Airport. This asset has excellent visibility from Normandy Boulevard and average traffic counts of 22,000 vehicles per day. The subject is also located in a dense residential and retail neighborhood.
LOCATION INFORMATION:
Jacksonville, the largest city in area in the continental United States, is a rapidly growing metropolitan city in Northeast Florida. Due to its convenience location, mild climate, reasonable cost of living, high quality of life and a business-friendly government, Jacksonville is a popular location for corporate expansions and relocations. With a growing population, a strong economy, diverse cultural and recreational opportunities and abundant natural resources, Jacksonville continues to distinguish itself as one of the nation’ s most dynamic and progressive cities.
| Price: | $1,839,000 |
| City: | Jacksonville |
| State: | FL |
| Square Feet: | 9,100 |
| Lot Square Feet: | 111,949 |
