DOLLAR GENERAL | FERNANDINA BEACH, FLORIDA

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
Four (4) - Five (5) Year
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

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