1263 S 6th St - Freestanding FOR SALE


Macclenny, FL 32063
$1,851,911 USD
770-855-8976
1263 S 6th St, Macclenny, FL for Sale
$1,851,911 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

1263 S 6th St
Macclenny, FL 32063


HIGHLIGHTS

  • Absolute NNN Lease | Corporate Guarantee | 10% rent increases every 5 years
  • Dollar General Committed to Site: Dollar General recently execute a 5-year extension and has been a tenant for 15 years.
  • Strong Demographics: Within a 3-mile radius, the population is in excess of 13k, and the AHHI is ~$100k.
  • Primary Retail Corridor: South 6th St is the primary retail corridor for the city and connects I-10 with the town center.
  • Nearby Retail: Winn-Dixie, Tractor Supply, and Bealls Outlet are across the street, and the property is flanked by Taco Bell and McDonald's.
  • Income Tax-Free State

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,851,911 USD

PRICE/SF

$201 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

Commercial

APN/PARCEL ID

057B J 007.00,057B K 002.00

ASK ABOUT THIS PROPERTY

Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

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Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.