Marathon Property Group, LLC
Listed by Marathon Property Group, LLC
$1,452,614
Dollar General - Middleburg, FL - Jacksonville MSA
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,026
Units 1
Cap Rate 7%
NOI $101,683
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 20
Lease Expiration 11/30/2031
Remaining Term 5.4
Rent Bumps Yes
Lease Options Three, 5-year options
Price per SqFt $161
Class B
Year Built 2011
Buildings 1
Acreage 2.060
Parking Spaces 43 spaces
Parking per 1,000 SqFt 4.76
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/20/2011
Ground Lease No
NNN Lease and Recent Tenant Exercised Renewal
Marketing description
Dollar General at 5076 County Road 218, Middleburg, FL 32068 offers investors a compelling opportunity to acquire a corporate-guaranteed, single-tenant net lease asset in the growing Jacksonville MSA. This 9,026 SF build-to-suit retail property sits on 2.06 acres and has been successfully operated by Dollar General since 2011, underscoring the tenant’s long-term commitment to the location.
The tenant has recently exercised its 5-year renewal, extending the lease through November 30, 2031. The NNN lease structure provides passive ownership with zero landlord responsibilities, as the tenant covers roof, structure, taxes, insurance, and common area maintenance. Backed by Dollar General Corporation (NYSE: DG), a Fortune 500 retailer with over 20,000 stores nationwide, the asset combines stable income with strong credit tenancy.
Positioned just 26 miles from downtown Jacksonville, the property benefits from a high-growth market with projected population gains and limited local competition as the only dollar store within a five-mile radius. Adding to its appeal, the store demonstrates exceptional performance, ranking in the 96th percentile nationally for foot traffic.
Investment highlights
- NNN Lease with Zero Landlord Responsibilities. The corporate-guaranteed lease structure provides completely passive ownership, with the tenant responsible for all expenses, including roof, structure, taxes, insurance, and common area maintenance. Tenant reimburses real estate taxes.
- Tenant Exercised Renewal. Dollar General has exercised its renewal option, extending the lease through November 30, 2031.
- Leased to Investment-Grade Fortune 500 Tenant. The lease is guaranteed by Dollar General Corporation (NYSE: DG), ranked #111 on the Fortune 500 list. Dollar General has over 20,000 stores and $42.7 billion in annual revenue.
- Strategic Jacksonville MSA Location. The property is located 26 miles from downtown Jacksonville, the most populous city in Florida and the 11th largest in the U.S. The Jacksonville metro area is a high-growth market, projected to add over 100,000 new residents by 2027.
- Excellent Local Market Position with Limited Competition. The site is the only dollar store within a five-mile radius, serving a local population of over 12,000 residents.
- Long-Term Operational History. Dollar General has successfully operated at this location since it was constructed as a build-to-suit in 2011, demonstrating a strong commitment to the site and market.
Listing Contacts
Marathon Property Group, LLC
Listed by Marathon Property Group, LLC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$101,682.96
$8,473.58/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Zoning
BA CommercialNeighborhood CommercialNeighborhood Business
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