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.