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Large DG Market at I-75 (w/Rent Increases) 1424 Hamilton Ave 12,687 SF Retail Building Jennings, FL 32053 $2,969,740 ($234.08/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Location Identified by DG, furthering confidence in the success of the location
- Proximity to U.S. 41 and I-75 provides convenient connection to destinations across Florida and the U.S.
- Surrounding areas provide a wealth of recreation activities for residents and tourists alike.
- Underserved market is in need of daily goods (nearest chain grocery store is 20 miles south)
- Directly east of I-75, strategically located on the direct path between town and I-75 to capitalize on traffic patterns
- Larger Format-The Larger DG Market Size (12,687 sf) Opening Late Summer 2025
EXECUTIVE SUMMARY
REACH OUT TO US FOR THE OM AND MORE INFORMATION
The site of this brand new Dollar General Market in Jennings, FL was strategically chosen to serve the local community. The site is near major traffic arteries U.S. 41 (a major north-south route connecting Jennings to Gainesville) and I-75 (the primary interstate connecting Florida to the rest of the U.S.). It has excellent visibility with 291 feet of frontage along Hamilton Avenue, the main thoroughfare into Jennings. Those traveling into and out of town use Hamilton Avenue to get to I-75.
This is an underserved market with the nearest chain grocery store located 20 miles south of Jennings, creating a significant opportunity for a new retail and grocery option.
This new construction DG is the larger of the DG Market prototypes, reflecting confidence in this location and the area's needs for retail and groceries.
The site of this brand new Dollar General Market in Jennings, FL was strategically chosen to serve the local community. The site is near major traffic arteries U.S. 41 (a major north-south route connecting Jennings to Gainesville) and I-75 (the primary interstate connecting Florida to the rest of the U.S.). It has excellent visibility with 291 feet of frontage along Hamilton Avenue, the main thoroughfare into Jennings. Those traveling into and out of town use Hamilton Avenue to get to I-75.
This is an underserved market with the nearest chain grocery store located 20 miles south of Jennings, creating a significant opportunity for a new retail and grocery option.
This new construction DG is the larger of the DG Market prototypes, reflecting confidence in this location and the area's needs for retail and groceries.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,687 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,969,740
Price Per SF
$234.08
Cap Rate
6.30%
NOI
$187,093
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.26 AC
Zoning
7100 - CHURCHES
Frontage
291’ on Hamilton Avenue
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- 12,687 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 12,687 SF | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 7192-000 | Improvements Assessment | $56,210 |
| Land Assessment | $39,295 | Total Assessment | $95,505 |
PROPERTY TAXES
Parcel Number
7192-000
Land Assessment
$39,295
Improvements Assessment
$56,210
Total Assessment
$95,505
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Large DG Market at I-75 (w/Rent Increases) | 1424 Hamilton Ave
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