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31112394
31112395

7924 FL-6, Jasper, FL 32052

AC
FL BK3111060
Swift Creek Realty
Listed by Swift Creek Realty
$2,598,515
78 days on market
Updated 5 days ago

New Construction Dollar General Jasper, Florida

Details
APN 2886-000
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,566
Units 1
Cap Rate 6.4%
NOI $166,305
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2039
Remaining Term 13.3
Price per SqFt $246
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 2.750
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/30/2024
Occupancy Date 08/31/2024

NEW CONSTRUCTION DG MARKET W/RENT INCREASES | ABSOLUTE NNN | TAX FREE STATE

Marketing description

This new construction Dollar General Market is strategically located in Jasper, Florida, a growing community within Hamilton County, with a population of approximately 14,799. The site enjoys a prime location, ideally placed to serve a large and growing customer base in an underserved market for travelers, residents, and commuters in need of essential goods.

The site has excellent visibility from major highways, with 40,000 vehicles traveling on I-75, just a half a mile away, and 1,900 cars exiting at this interstate exit each day. There are 2,000 vehicles using SR 6 as the main route between Madison (population 264,776) and Hamilton Counties. This is an ideal location for customers on the go.

Its proximity to I-75 offers convenient connections across Florida & the U.S. and excellent visibility for travelers looking for gas, food, hotels, and restaurants, boosting its customer base. Busy Bee, located by the I-75 on/off ramps, has begun phase 2 of their redevelopment/expansion project which includes a 6.91 acre renovated travel center, an expanded multi-lane diesel canopy, and 85 new semi-truck parking spaces.

Excellent Accessibility:

  • Tallahassee, Florida: Florida’s capital city, 90 miles west of Jasper

  • Jacksonville, Florida: The #1 most populous city in Florida, and 11th most populous in the U.S., boasting rapid growth, 83 miles east of Jasper

  • Lake City, Florida: Provides a peek of Florida’s rich history and natural springs, 32 miles south of Jasper

  • Gainesville, Florida: Home to the University of Florida, just 76 miles south of Jasper

  • Valdosta, Georgia: Expanding potential customer base, just 35 miles north of Jasper

There is no competition in the immediate trade area except for several gas stations. Residents must travel 8 miles to access groceries.

Building on its existing presence in the region, Dollar General recognizes this underserved market. This new location provides residents and travelers with a convenient place to purchase their household necessities.

Investment highlights

  • Rent Increases in the Initial Lease Term of 5% Every 5 Years

  • Prime location with close proximity to I-75 and SR 6

  • Available to Close Quickly

  • Location is Busy and Performing Well

Listing Contacts

AC
FL BK3111060
Swift Creek Realty
Listed by Swift Creek Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,305.00
$13,858.75/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

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Additional Information

Name
Amber Crawford
License
BK3111060
Brokerage
Swift Creek Realty & Inv
Brokerage Phone
8008330499
Title
Broker
Brokerage Address
1499 Southwest 74th Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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