8300 SE Constitution Blvd - Freestanding FOR SALE


Hobe Sound, FL 33455
$2,348,933 USD
863-289-0387
8300 SE Constitution Blvd, Hobe Sound, FL for Sale
$2,348,933 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

8300 SE Constitution Blvd
Hobe Sound, FL 33455


HIGHLIGHTS

  • Absolute NNN lease with no landlord responsibilities
  • Built to suit for Dollar General in 2019, the initial lease term has 9 years remaining
  • Dollar General has five (5), five (5) year extension options with 10% increases in each
  • Positioned at the shared entrance of two retirement communities with 1,350+ homes
  • Hobe Sound is 40 miles north of West Palm beach and 10 miles north of Jupiter
  • Dollar General is situated on a large 2.51 acre parcel

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 8300 SE Constitution Boulevard in Hobe Sound, Florida, a single tenant, absolute NNN asset leased to Dollar General. Built in 2019 to Dollar General’s specifications, the 9,002-square-foot store matches the company’s preferred format-supporting an expanded product selection and optimized performance-while featuring upgraded construction designed to meet Hobe Sound’s coastal aesthetic standards. With 9+ years remaining on the lease, the property offers stable, long-term income. The property is situated on 2.51 acres with excellent visibility and access along Constitution Boulevard, which experiences over 31,000 vehicles per day. The site is strategically positioned near established residential neighborhoods and serves a growing local population. Within a 2-mile radius, the property draws from a base of 12,175 residents across 6,061 households, supporting steady foot traffic and reliable store performance. Hobe Sound is a coastal community in Martin County, just north of Jupiter and less than 40 miles from West Palm Beach. The area is celebrated for its beaches, natural preserves and blend of suburban charm with economic vitality. Continued residential need, tourism-driven development, and a steady 1% annual population growth all contribute to the area’s upward trajectory, while high barriers to entry further reinforce long-term demand and stability. Combining Dollar General’s proven operating model, a prime Florida location, and strong local demographics, this offering presents an ideal opportunity for investors seeking passive, long-term income with a creditworthy tenant in a growing market.

FOR SALE DETAILS

PRICE

$2,348,933 USD

PRICE/SF

$261 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

Commercial

APN/PARCEL ID

34-38-42-093-000-00020-0

ASK ABOUT THIS PROPERTY

Edward KempRipco Real EstateMore Info
863-289-0387

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Edward KempRipco Real EstateMore Info
863-289-0387

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