1771 NW Lake Jeffery Rd - Freestanding FOR SALE


Lake City, FL 32055
$1,693,528 USD
317-218-5316
1771 NW Lake Jeffery Rd, Lake City, FL for Sale
$1,693,528 USD
Freestanding - FOR SALE
1/3
null | 6.35% Cap Rate

1771 NW Lake Jeffery Rd
Lake City, FL 32055


HIGHLIGHTS

  • One Hour West of Jacksonville, FL | No State Income Tax Investment
  • Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increases
  • Main Retail Corridor Location | South of Interstate 10
  • Fortune 500 Retailer | Traveler City | Strategic Location

OVERVIEW

Marcus & Millichap is pleased to present for sale a portfolio of 5 premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5%+. The properties have firm term leases remaining that average 9.2 years, with four 5-year renewal options, each featuring 10% rental increases, providing inflation hedge and built-in income growth.

FOR SALE DETAILS

PRICE

$1,693,528 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

5.01 AC

LAND SF

218,231 SF

ZONING

GC

APN/PARCEL ID

25-3S-16-02284-102

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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