450 Southwood Way
Orange Park, FL 32065
Retail Property For Sale

Newly constructed Dollar General store with a new 15-year NNN lease with (4) 5-year lease renewal options. Tenant is responsible for all expense and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an investment grade tenant with an S&P rating of BBB. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This passive investment offers buyers a secure investment with no landlord responsibilities and rent guaranteed by a stable, recession and e-commerce resistant tenant. This Seller is a trusted Dollar General developer with a meticulous construction and transaction process that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations over 10+ years. This Seller has negotiated special financing terms which may be extended to the buyer on this transaction, which may provide substantial cost savings and increased IRR to Buyer. This site is within the 6,400 acre Development-Oakleaf Plantation in Orange Park, FL. Oakleaf Plantation contains 2.5 million square feet of commercial space, 2 planned village centers, 2 multi-million dollar Athletic Centers, 5 schools, and a Championship Golf Course. More than 10 regional and national homebuilders are participating in the continued expansion of Oakleaf. Orange Park is part of the Jacksonville MSA. Jacksonville experienced the largest growth in Florida and 7th largest in the nation in 2018. This site is located along the newly developed First Coast Expressway. This will be a major route for travelers that want to avoid the downtown Jacksonville traffic. This location is 25 minutes from downtown Jacksonville, 45 minutes from St. Augustine and 30 minutes from the Jacksonville Beaches. With its high household income and large surrounding population, Orange Park is a strong location for retail and growth.