Dollar General | 1263 S 6th St
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Dollar General 1263 S 6th St
9,230 SF Retail Building Macclenny, FL 32063 $2,625,028 CAD ($284 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Absolute NNN Lease | Corporate Guarantee | 10% rent increases every 5 years
- Strong Demographics: Within a 3-mile radius, the population is in excess of 13k, and the AHHI is ~$100k.
- Nearby Retail: Winn-Dixie, Tractor Supply, and Bealls Outlet are across the street, and the property is flanked by Taco Bell and McDonald's.
- Dollar General Committed to Site: Dollar General recently execute a 5-year extension and has been a tenant for 15 years.
- Primary Retail Corridor: South 6th St is the primary retail corridor for the city and connects I-10 with the town center.
- Income Tax-Free State
Executive Summary
This is a great opportunity to purchase an absolute NNN, corporately guaranteed lease with Dollar General. Dollar General has been a tenant at the property for ~15 years and recently executed a 5-year extension, demonstrating a long-term commitment to the site. With each extension option, there is a 10% rent increase.
Located on South 6th St, the property is located on the primary retail corridor, which connects I-10 to the town center, and is across the street from national retailers including Winn-Dixie, Tractor Supply, and Bealls Outlet. Local demographics are strong for a Dollar General store, as within a 3-mile radius, the population exceeds 13k, and the average household income in ~$100k.
Located on South 6th St, the property is located on the primary retail corridor, which connects I-10 to the town center, and is across the street from national retailers including Winn-Dixie, Tractor Supply, and Bealls Outlet. Local demographics are strong for a Dollar General store, as within a 3-mile radius, the population exceeds 13k, and the average household income in ~$100k.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,230 SF
Building Class
B
Year Built
2010
Price
$2,625,028 CAD
Price Per SF
$284 CAD
Cap Rate
6.75%
NOI
$177,189 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
1.34 AC
Zoning
Commercial - Store Building
Parking
10 Spaces (1.08 Spaces per 1,000 SF Leased)
Frontage
107 ft on S 6th St
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 05-3S-22-0066-0000-0025 | Improvements Assessment | $596,678 CAD |
| Land Assessment | $393,547 CAD | Total Assessment | $990,225 CAD |
PROPERTY TAXES
Parcel Number
05-3S-22-0066-0000-0025
Land Assessment
$393,547 CAD
Improvements Assessment
$596,678 CAD
Total Assessment
$990,225 CAD
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Dollar General | 1263 S 6th St
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