Dollar General | NNN | Jacksonville, FL

Price: $1,839,000
CAP Rate: 6.35%
Net Operating Income: $116,772
Square Footage: 9,100
Lot Size: 2.57 AC


  •  Absolute NNN Lease
  •  Corporate Guarantee
  •  Income Tax Free State
  •  Investment Grade Credit
  •  S&P Rated BBB-
  •  Scheduled Increases
  •  Trophy Location
  •  Zero Landlord Obligations

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.

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.

Square Feet:9,100
Lot Square Feet:111,949
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