DOLLAR GENERAL | FERNANDINA BEACH, FLORIDA
INVESTMENT SUMMARY
Purchase Price
$1,947,500
Location
941300 Old Nassauville Road
Cap Rate
5.29%
Annual Rent
$103,011.96
Building Size
9,100 SF
Land Area
1.46 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
11.75 Years
LEASE EXPIRATION
01/31/2034
Renewal Options
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2019
APN
44-2N-28-0000-0029-0070
Traffic Counts
9,195 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 11.8 Years of Guaranteed Lease Term
- 2019 Build to Suit Construction - 9,100 SF - 1.46 Acres
- Four (4) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
PROXIMITY FROM FERNANDINA BEACH, FL:
- Jacksonville, Florida | 32 Miles
- Daytona Beach, Florida | 122 Miles
- Savannah, Georgia | 126 Miles
- Orlando, Florida | 174 Miles
- Tallahassee, Florida | 189 Miles
- Tampa, Florida | 224 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile = 2,087 Residents; $81,377 Average Household Income
- 3-Mile = 10,984 Residents; $90,841 Average Household Income
- 5-Mile = 32,955 Residents; $103,037 Average Household Income
- 7-Mile = 58,943 Residents; $98,206 Average Household Income
EXPLOSIVE POPULATION GROWTH:
- 1-Mile Annual Population Growth = 4.50% (22.50% Over the Next 5 Years)
- 3-Mile Annual Population Growth = 5.11% (25.55% Over the Next 5 Years)
- 5-Mile Annual Population Growth = 3.82% (19.10% Over the Next 5 Years)
- 7-Mile Annual Population Growth = 3.27% (16.35% Over the Next 5 Years)
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,190 Stores in 47 States as of February 25, 2022
- Ranked #91 on the Fortune 500 List