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Dollar General
850777 Hwy 17, Yulee, FL 32097
Listing Price: $1,501,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Dollar General located in Yulee, Florida in the Jacksonville metro. This Dollar General offers a long-term, corporate guaranteed, absolute triple net (NNN) lease with zero landlord responsibilities. The lease offers four, five-year tenant renewal options with rent increases in each option period. Dollar General has been an industry leader for over 80 years with a BBB investment grade credit rating. Dollar General is on the NYSE with the symbol DG. As of March 2023, the company operates more than 19,000 stores across 47 states. Yulee, FL is located in Nassau County, and is part of the Jacksonville metro area. It is the fourth largest metro in Florida, home to more than 1.6 million people. The Subject Property is 22 miles from Jacksonville, the most populous city in the state, also 10 miles South of Georgia. Jacksonville has a very strong military presence and is home to Naval Air Station Jacksonville, Mayport Naval Station, and Camp Blanding Joint Training Center. The average household income is $88,815 in one mile of the Property and $95,696 in five miles. This Dollar General is within close proximity to several elementary, middle and high schools, which combined serve more than 3,000 students in Yulee. The Property is less than 10 miles from Amelia Island, which is a holiday destination known for its luxury resorts, golf courses and numerous beaches, home to celebrities and attracts approximately 500,000 tourists annually. Also, five miles from a popular golf course and wedding venue in Fernandina Beach. Dollar General is conveniently located 14 miles from Jacksonville International Airport, the main airport serving the Jacksonville area and ranked third highest among medium-sized airports by J.D. Power; and 20 miles from Jacksonville Port Authority/JAXPORT, which supports $31.1 billion in annual economic output for the region and state.
Dollar General
Investment Highlights
- Corporate Guaranteed, Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Four, Five-Year Tenant Renewal Options With Rent Increases in Option Periods
- Dollar General is a NYSE Rated Company: BBB Credit – Considered to be Investment Grade Rating
- As of March 2023, the Company Operates More Than 19,000 Stores Across 47 States
- Located Near the Intersection of Highway 17 and Florida State Road A1A With a Combined Traffic Count of 43,000 Vehicles
- Close Proximity to Interstate 95 Which Connects the Area 10 Miles North to the Georgia State Line and to Daytona Beach, West Palm Beach, Fort Lauderdale and Miami
- Average Household Income is $88,815 in One Mile of the Property and $95,696 in Five Miles
- 14 Miles from Jacksonville International Airport, Ranked Third Highest Among Medium-Sized Airports by J.D. Power
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Listing Price: $1,501,000
Investment Highlights
- Corporate Guaranteed, Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Four, Five-Year Tenant Renewal Options With Rent Increases in Option Periods
- Dollar General is a NYSE Rated Company: BBB Credit – Considered to be Investment Grade Rating
- As of March 2023, the Company Operates More Than 19,000 Stores Across 47 States
- Located Near the Intersection of Highway 17 and Florida State Road A1A With a Combined Traffic Count of 43,000 Vehicles
- Close Proximity to Interstate 95 Which Connects the Area 10 Miles North to the Georgia State Line and to Daytona Beach, West Palm Beach, Fort Lauderdale and Miami
- Average Household Income is $88,815 in One Mile of the Property and $95,696 in Five Miles
- 14 Miles from Jacksonville International Airport, Ranked Third Highest Among Medium-Sized Airports by J.D. Power
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Dollar General located in Yulee, Florida in the Jacksonville metro. This Dollar General offers a long-term, corporate guaranteed, absolute triple net (NNN) lease with zero landlord responsibilities. The lease offers four, five-year tenant renewal options with rent increases in each option period. Dollar General has been an industry leader for over 80 years with a BBB investment grade credit rating. Dollar General is on the NYSE with the symbol DG. As of March 2023, the company operates more than 19,000 stores across 47 states. Yulee, FL is located in Nassau County, and is part of the Jacksonville metro area. It is the fourth largest metro in Florida, home to more than 1.6 million people. The Subject Property is 22 miles from Jacksonville, the most populous city in the state, also 10 miles South of Georgia. Jacksonville has a very strong military presence and is home to Naval Air Station Jacksonville, Mayport Naval Station, and Camp Blanding Joint Training Center. The average household income is $88,815 in one mile of the Property and $95,696 in five miles. This Dollar General is within close proximity to several elementary, middle and high schools, which combined serve more than 3,000 students in Yulee. The Property is less than 10 miles from Amelia Island, which is a holiday destination known for its luxury resorts, golf courses and numerous beaches, home to celebrities and attracts approximately 500,000 tourists annually. Also, five miles from a popular golf course and wedding venue in Fernandina Beach. Dollar General is conveniently located 14 miles from Jacksonville International Airport, the main airport serving the Jacksonville area and ranked third highest among medium-sized airports by J.D. Power; and 20 miles from Jacksonville Port Authority/JAXPORT, which supports $31.1 billion in annual economic output for the region and state.
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