8000 103RD ST Jacksonville FL 32210-6634 APN: 013523-0000

Property History

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Property Type

Retail

Property Subtype

Convenience Store

Asking Details

Asking Cap Rate

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Marketing Description

The Klink Group of 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.

Investment 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

Property Type

Mixed Use, Industrial, Office, Retail

Property Subtype

Warehouse, Traditional Office, Storefront

Marketing Description

1.17 Acres zoned CCG-1 excellent exposure with over 250 feet of road frontage on 103rd St. water and sewer adjacent to the property.New Apts and Residentaial neighbor across the street will provide new potential customers.

Property Type

Retail

Asking Details

Asking Cap Rate

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Marketing Description

This is a brand new location on 103rd Street in Jacksonville with an Average Daily Traffic of 47,000. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. This Seller is a trusted Dollar General developer with a meticulous construction and transaction process in place that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations over the past 10+ years. The Seller has negotiated special financing terms which may be extended to the Buyer on this transaction, which could provide substantial cost savings and increased IRR to Buyer.

Investment Highlights

Jacksonville ranked 7th Largest city in growth for the nation in 2018
Minutes from downtown Jacksonville
Average Daily Traffic of 47,000
Extremely strong location with dense population
15 year NNN lease, corporately guaranteed
4 five year lease renewal options

Property Type

Retail

Asking Details

Asking Cap Rate

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Marketing Description

Closed Sale

Loan History

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Financial History

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Net Operating Income

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Reporting Date

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Tax History

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Contact Information

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