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Dollar General 1050 8th 10,566 SF Retail Building Jacksonville, FL 32206 $2,173,226 ($205.68/SF) 6.35% Cap Rate
Investment Highlights
- Located in an area of revitalization and renewal, Corner site with Excellent Visibility
- 173' of Frontage on E. 8th St. (3,400 AADT) and 323' of Frontage on Florida Ave. (1,900 AADT). Speed limit on both streets is 30 MPH.
- Jacksonville is on Forbes Best Places to Retire (2022) and many lists as one of the nations's (and Florida's) fastest growing places.
- Downtown Jacksonville Historic Area, Near Jacksonville's Business Core
- Incredibe location with surrounding traffic generators including Jaxport, Vystar Veterans Memorial Arena, and TIAA Bank Field.
- Population of 335,269 and 138,742 Households in a 7 Mile Radius
Executive Summary
Introducing an exclusive opportunity in the heart of downtown Jacksonville, Florida, the Dollar General Property at 1050 East 8th Street presents a prime investment in a high-traffic area poised for growth. Featuring a single-tenant net lease with Dollar General, this property offers a solid NNN lease with an investment-grade corporate guarantee and a solid remaining lease term, approximately 12.5 years lease term remaining.
Situated amid a backdrop of urban revitalization and development, this location is a rare find in downtown Jacksonville, surrounded by major attractions such as the VyStar Veterans Memorial Arena, Daily's Place, and TIAA Bank Field. With excellent visibility and access from E. 8th Street and Florida Avenue, the property boasts a strategic position in a bustling commercial area.
Benefiting from a population of over 335,000 within a 7-mile radius and close proximity to major roadways, this investment opportunity promises a steady flow of customers and business potential. Don't miss out on this chance to own a versatile commercial property in a thriving market. Contact us for more information.
Situated amid a backdrop of urban revitalization and development, this location is a rare find in downtown Jacksonville, surrounded by major attractions such as the VyStar Veterans Memorial Arena, Daily's Place, and TIAA Bank Field. With excellent visibility and access from E. 8th Street and Florida Avenue, the property boasts a strategic position in a bustling commercial area.
Benefiting from a population of over 335,000 within a 7-mile radius and close proximity to major roadways, this investment opportunity promises a steady flow of customers and business potential. Don't miss out on this chance to own a versatile commercial property in a thriving market. Contact us for more information.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Building Class
B
Year Built
2023
Price
$2,173,226
Price Per SF
$205.68
Cap Rate
6.35%
NOI
$138,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.91 AC
Opportunity Zone
Yes
Zoning
C
Parking
32 Spaces (3.03 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,566 SF
- $13.06
- Triple Net
- Feb 2038
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,566 SF | $13.06 | Triple Net | Feb 2038 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 114028-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $20,663 |
Property Taxes
Parcel Number
114028-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$20,663
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Dollar General | 1050 8th
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