St. Augustine NNN Dollar General | 5045 US Highway 1 S
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St. Augustine NNN Dollar General 5045 US Highway 1 S
9,100 SF Retail Building Saint Augustine, FL 32086 $3,897,905 CAD ($428 CAD/SF) 4.87% Cap Rate
Investment Highlights
- NNN Lease with Zero Landlord Responsibilities
- Stellar condition of property by Tenant shows commitment to the site
- Over 1,000 residential units in development within 1 Mile
- Offered below replacement cost with replaceable rent.
- Newly Constructed for Dollar General in 2016
- Located in St. Augustine, FL Submarket- NE FL's Biggest Tourist Destination
Executive Summary
Market Force CRE, as Exclusive advisor to the Seller, is pleased to present this opportunity to acquire a rare Absolute NNN leased Dollar General (NYSE: DG) in highly desirable St. Augustine, FL, the Nation’s Oldest City and Northeast Florida’s Biggest Tourist Destination.
Currently leased to Dollar General (NYSE: DG) on a absolute NNN lease with 7 years remaining, the property boasts a NOI of $133,857, with 4x 5-year renewal options out to 2051. The Tenant has demonstrated commitment to the site with recent renovations and meticulous care of the property. The site is within 3 miles of both Publix and Winn-Dixie anchored shopping centers, along with other national retailers such as CVS and Walgreens. New Development abounds in the surrounding area, with almost 1,000 residential units in development within just 1 mile of the site in summer of 2024.
Currently leased to Dollar General (NYSE: DG) on a absolute NNN lease with 7 years remaining, the property boasts a NOI of $133,857, with 4x 5-year renewal options out to 2051. The Tenant has demonstrated commitment to the site with recent renovations and meticulous care of the property. The site is within 3 miles of both Publix and Winn-Dixie anchored shopping centers, along with other national retailers such as CVS and Walgreens. New Development abounds in the surrounding area, with almost 1,000 residential units in development within just 1 mile of the site in summer of 2024.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2016
Price
$3,897,905 CAD
Price Per SF
$428 CAD
Cap Rate
4.87%
NOI
$189,732 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
1.50 AC
Zoning
CI - Commercial Intensive- St. Johns County- The most Intensive retail commercial zoning within St. Johns County
Parking
30 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
336 ft on Highway 1
PROPERTY TAXES
| Parcel Number | 182040-0000 | Improvements Assessment | $1,362,053 CAD |
| Land Assessment | $602,247 CAD | Total Assessment | $1,964,300 CAD |
PROPERTY TAXES
Parcel Number
182040-0000
Land Assessment
$602,247 CAD
Improvements Assessment
$1,362,053 CAD
Total Assessment
$1,964,300 CAD
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Zachary Lemke -
Market Force CRE
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St. Augustine NNN Dollar General | 5045 US Highway 1 S
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