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31431316
31431317

1610 Edgewood Ave W, Jacksonville, FL 32208

AR
FL SL- 3210827
Ripco Real Estate
EK
FL SL3395691
Ripco Real Estate
Listed by Ripco Real Estate
$1,910,800
48 days on market
Updated 48 days ago
Opportunity zone

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 9,100
Cap Rate 6.5%
NOI $124,202
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 20.6
Lease Expiration 10/31/2030
Remaining Term 4.4
Price per SqFt $210
Year Built 2010
Buildings 1
Stories 1
Zoning CCG-2
Investment Type Net Lease
Lease Commencement 03/16/2010
Ownership Fee Simple

Dollar General, Jacksonville, FL | Absolute NNN

Investment highlights

NATIONAL TENANT

  • Dollar General, established in 1939, now has over 20,000 locations in 48 states
  • In 2025, Dollar General was ranked #112 in the Fortune 500 list
  • Dollar General Corp. is a publicly traded stock on the New York Stock Exchange with a market cap of $27.21 billion. Dollar General has a S&P Credit Rating of BBB
  • Dollar General is opening 450 new stores in 2026, renovating 4,250 existing stores, while an additional 20 locations will be relocated

STABLE CASH FLOW

  • Corporate, Absolute NNN Lease with no landlord responsibilities
  • Dollar General executed an early lease extension in 2023; bumping rent by 7.50%
  • 4.75 years remain on the current lease term
  • Dollar General has four (4), five (5) year options with 10% increases in each option

STRATEGIC LOCATION

  • Located on dense neighborhood corridor with over 31,000 households within a 3-mile radius of the site
  • 191’ of frontage on Edgewood Ave W; benefiting from 19,100 vehicles per day
  • Notable nearby national retailers include O’Reilly Auto Parts, Family Dollar, Wells Fargo Bank, Burger King, Taco Bell, Checkers, Save A Lot, & Walgreens
  • Average household income of $55,789 within a 3-mile radius, which is ideal for strong discount dollar store performance
  • Closest Walmart is 4.5 miles away from the site; allowing for limited competition from big box retailers

STRONG DEMOGRAPHICS

  • 75,928 population within a 3-mile radius
  • $55,789 average household income within a 3-mile radius

Listing Contacts

AR
FL SL- 3210827
Ripco Real Estate
EK
FL SL3395691
Ripco Real Estate
Listed by Ripco Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,202.00
$10,350.17/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Ari Ravi
License
SL- 3210827
Brokerage Phone
813.320.0050
Name
Edward Kemp
License
SL3395691
Brokerage
RIPCO Real Estate
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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