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Dollar General 8000 103rd St 7,545 SF 100% Leased Retail Building Jacksonville, FL 32210 $2,045,920 ($271.16/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Major MSA & Coastal Market Location | No State Income Tax Investment
  • Main Retail Corridor Location | Directly off Interstate 275
  • Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increases
  • Fortune 500 Retailer | Growth Market | Major Retailers Nearby

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present for sale a portfolio of 5 premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5%+. The properties have firm term leases remaining that average 9.2 years, with four 5-year renewal options, each featuring 10% rental increases, providing inflation hedge and built-in income growth.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,545 SF
Building Class
C
Year Built
2019
Price
$2,045,920
Price Per SF
$271.16
Cap Rate
6.25%
NOI
$127,870
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.13 AC
Zoning
CCG-2
Parking
36 Spaces (4.77 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 7,545 SF
  • $16.95
  • Triple Net
  • Oct 2034

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 7,545 SF $16.95 Triple Net Oct 2034

NEARBY MAJOR RETAILERS

VyStar Credit Union
IHOP
Waffle House
Starbucks
Publix
Planet Fitness
Checkers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
013523-0000
Land Assessment
$672,743
Improvements Assessment
$655,257
Total Assessment
$1,328,000
  • Listing ID: 35335141

  • Date on Market: 4/1/2025

  • Last Updated:

  • Address: 8000 103rd St, Jacksonville, FL 32210

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