96563 Chester Rd - Convenience Store FOR SALE


Yulee, FL 32097
$1,998,177 USD
727-510-5554
96563 Chester Rd, Yulee, FL for Sale
$1,998,177 USD
Convenience Store - FOR SALE
1/6
null | 6.5% Cap Rate

96563 Chester Rd
Yulee, FL 32097


HIGHLIGHTS

  • Corporately Guaranteed Lease – Dollar General (Fortune 500, 20,000+ locations, S&P “BBB” credit rating)
  • Absolute NNN Lease – Zero landlord responsibilities
  • High-Traffic Location – 10,000+ vehicles per day on Chester Road, Yulee, Nassau County, FL
  • Strategic Growth Market – Positioned to serve expanding residential communities with Dollar General’s convenient retail model

OVERVIEW

This corporately guaranteed Dollar General asset presents a rare opportunity to acquire a high-performing retail investment in the rapidly growing community of Yulee, Florida. Built in late 2021, the property features a 9,100-square-foot prototype on a 1.40-acre parcel with 31 parking spaces and zero landlord responsibilities under an absolute NNN lease. The lease is backed by Dollar General Corporation, a Fortune 500 company with over 20,000 locations nationwide and an S&P credit rating of BBB. Strategically located on Chester Road, the site benefits from an average daily traffic count of 10,000 vehicles and serves as a key retail node for surrounding residential developments. The area is experiencing strong demographic growth, with projected population increases of over 3% annually through 2030 and median household incomes exceeding $90,000 within a 5-mile radius. The property is positioned to capitalize on Yulee’s proximity to Amelia Island and Jacksonville, offering access to beaches, business centers, and outdoor recreation. With 11.2 years remaining on the original 15-year lease and four 5-year renewal options featuring 10% rent escalations, this investment offers stable cash flow and long-term upside. The site is zoned CN (Commercial Neighborhood) and includes ADA-compliant infrastructure, ample parking, and a modern retail layout. This is an ideal passive investment for buyers seeking a recession-resistant tenant in a high-growth Florida market.

FOR SALE DETAILS

PRICE

$1,998,177 USD

PRICE/SF

$220 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motivated Seller | Cap Rate Increased to 6.5

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

CN

APN/PARCEL ID

44-3N-28-0000-0001-0460

ASK ABOUT THIS PROPERTY

Robert FillmoreFillmore Real Estate Group,LLCMore Info
727-510-5554

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Robert FillmoreFillmore Real Estate Group,LLCMore Info
727-510-5554

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