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Family Dollar - 2018 Construction

4210 Old Middleburg Rd N, Jacksonville, FL 32210

Listing Price: $1,925,000

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.5
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$231.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.18

Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased Family Dollar located at 4210 Old Middleburg Road N in Jacksonville, FL The subject property consists of a 8,320 SF free-standing building constructed in 2018 and is situated on a 1.1-acre parcel of land.
Strategically located along Old Middleburg Road, the property benefits from great visibility and is exposed to traffic counts exceeding 15,000 vehicles per day, all of whom have a view of the large pylon sign.
The Family Dollar Services the local community of over 12,500 people within a 1-mile radius. Additionally, there are 3 schools within a mile with over 2,700 student. Per Placer, the Family Dollar is ranked in the top 32% percentile across Florida. Adjacent to the Family Dollar, a new day care was recently constructed and is currently paying net rent of $27 per square foot which demonstrates the future upside for this location.

Investment Highlights

  • NNN Credit Rated Tenant with Minimal Landlord Responsibilities
  • Constructed in 2018
  • S&P Credit Rating BBB
  • Replaceable Rent with Future Upside – Neighboring Daycare paying $27 Net PSF
  • 1.01 Acre Pac with 28 Parking Spaces (3.4 spaces Per 1k SF)
  • Located on Old Middleburg Road with over 15,000 Vehicles Per day- Large Pylon Sign
  • Per Placer AI Ranked in the top 32% percentile of stores in Florida
  • Over 12,500 People Live within a 1-Mile Radius | 3 Schools with over 2,700 Students within a 1-Mile radius (Elementary, Middle & High School)

Exclusively Listed By

Financing By

Discount

Family Dollar - 2018 Construction

Listing Price: $1,925,000

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.5
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$231.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.18

Investment Highlights

  • NNN Credit Rated Tenant with Minimal Landlord Responsibilities
  • Constructed in 2018
  • S&P Credit Rating BBB
  • Replaceable Rent with Future Upside – Neighboring Daycare paying $27 Net PSF
  • 1.01 Acre Pac with 28 Parking Spaces (3.4 spaces Per 1k SF)
  • Located on Old Middleburg Road with over 15,000 Vehicles Per day- Large Pylon Sign
  • Per Placer AI Ranked in the top 32% percentile of stores in Florida
  • Over 12,500 People Live within a 1-Mile Radius | 3 Schools with over 2,700 Students within a 1-Mile radius (Elementary, Middle & High School)

Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased Family Dollar located at 4210 Old Middleburg Road N in Jacksonville, FL The subject property consists of a 8,320 SF free-standing building constructed in 2018 and is situated on a 1.1-acre parcel of land. Strategically located along Old Middleburg Road, the property benefits from great visibility and is exposed to traffic counts exceeding 15,000 vehicles per day, all of whom have a view of the large pylon sign. The Family Dollar Services the local community of over 12,500 people within a 1-mile radius. Additionally, there are 3 schools within a mile with over 2,700 student. Per Placer, the Family Dollar is ranked in the top 32% percentile across Florida. Adjacent to the Family Dollar, a new day care was recently constructed and is currently paying net rent of $27 per square foot which demonstrates the future upside for this location.

Exclusively Listed By

Financing By

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