5045 US Highway 1 S - Freestanding FOR SALE


Saint Augustine, FL 32086
$2,750,000 USD
904-501-5210
5045 US Highway 1 S, Saint Augustine, FL for Sale
$2,750,000 USD
Freestanding - FOR SALE
1/12
null | 4.87% Cap Rate

5045 US Highway 1 S
Saint Augustine, FL 32086


HIGHLIGHTS

  • NNN Lease with Zero Landlord Responsibilities
  • Offered below replacement cost with replaceable rent.
  • Stellar condition of property by Tenant shows commitment to the site
  • Newly Constructed for Dollar General in 2016
  • Over 1,000 residential units in development within 1 Mile
  • Located in St. Augustine, FL Submarket- NE FL's Biggest Tourist Destination

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

4.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Augustine NNN Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

CI

APN/PARCEL ID

182040-0000

ASK ABOUT THIS PROPERTY

Zachary LemkeMarket Force CREMore Info
904-501-5210

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Zachary LemkeMarket Force CREMore Info
904-501-5210

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