8000 103rd St - Freestanding FOR SALE


Jacksonville, FL 32210- Jacksonville Heights
$2,045,920 USD
317-218-5316
8000 103rd St, Jacksonville, FL for Sale
$2,045,920 USD
Freestanding - FOR SALE
1/3
null | 6.25% Cap Rate

8000 103rd St
Jacksonville, FL 32210
Jacksonville Heights


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,045,920 USD

PRICE/SF

$271 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

-

APN/PARCEL ID

013514-0000

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.