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DOLLAR GENERAL WITH RENT INCREASES 7924 Co 6 Rd

10,566 SF Retail Building Jasper, FL 32052 $3,621,788 CAD ($343 CAD/SF) 6.45% Cap Rate

Investment Highlights

  • .56 Miles from I-75 (40,000 AADT)
  • Surrounded by hotels, restaurants, gas stations
  • Fronting S.R. 6-the main access to I-75 in the area
  • Underserved Market-no competition in the immediate trade area

Executive Summary

Prime Dollar General Location in Jasper, Florida
Has Rent Increases in the initial lease term (DGs new structure) of 5% every 5 years
This brand-new Dollar General is strategically located in Jasper, Florida, a growing community within Hamilton County, with a population of approximately 14,799. The site enjoys a prime location, ideally placed to serve a large and growing customer base in an underserved market for residents and commuters in need of essential goods.
The site has excellent visibility for major highways, with 40,000 vehicles traveling on I-75 just half a mile away, and 1,900 cars exiting at this Interstate exit each day. There are 2,000 vehicles using S.R. 6 as the main route between Madison (population 264,776) and Hamilton Counties. This is an Ideal location for customers on the go.
Strategic Access:
Its proximity to I-75 offers convenient connections across Florida & U.S. and excellent visibility for travelers looking for gas, food, hotels and restaurants, boosting customer base.
Excellent Accessibility:
Tallahassee, Florida: Florida’s capital city, 90 miles west of Jasper
Jacksonville, Florida: The #1 most populous city in Florida and 11th most populous in U.S. boasting rapid growth, 83 miles east of Jasper
Lake City, Florida: Provides a peek of Florida’s rich history and natural springs, 32 miles south of Jasper
Gainesville, Florida: Home to University of Florida, just 76 miles south of Jasper.
Valdosta, Georgia: Expanding potential customer base, just 35 miles north of Jasper.
There is no competition in the immediate trade area except several gas stations.
Building on its existing presence in the region, Dollar General recognizes this underserved market. This new location provides residents and commuters a convenient place to purchase their household necessities.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,566 SF
Year Built
2024
Price
$3,621,788 CAD
Price Per SF
$343 CAD
Cap Rate
6.45%
NOI
$233,605 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
2.75 AC
Parking
63 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
316 ft on S.R. 6

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar General
  • Retailer
  • 10,566 SF
  • -
  • Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar General Retailer 10,566 SF - Net -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2886-000
Land Assessment
$168,831 CAD
Improvements Assessment
$0 CAD
Total Assessment
$168,831 CAD
  • Listing ID: 31641474

  • Date on Market: 2024-04-29

  • Last Updated:

  • Address: 7924 Co 6 Rd, Jasper, FL 32052

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