Listed by Ripco Real Estate
$1,910,800
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Storefront
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
Listed by Ripco Real Estate
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Loan Amount
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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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