Discount

Dollar General (Jacksonville MSA)

Charlie Smith Sr Hwy, St. Marys, GA 31558

Listing Price: $1,998,000

Cap Rate
5.70%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.51

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New 2-sided upgraded Dollar General located in St. Marys (Jacksonville MSA), GA. • This store is currently under construction and scheduled for delivery in May 2021. JACKSONVILLE MSA • St. Marys is well positioned in Coastal Georgia just 35 miles North of Jacksonville and is part of the Jacksonville MSA. • Jacksonville is the most populous city in the Southeast and the 12th most populous city in the U.S. with a population of over 926,000. • The Port of Jacksonville handles over 21 million tons of cargo per year, contributes over $19 Billion to the economy annually and supports over 65,000 jobs. • Jacksonville is home to multiple Fortune 500 companies including CSX Corporation, Fidelity National Information Services and Southeastern Grocers. • Jacksonville, FL sees over 95 Million tourists per year that contribute over $1 Billion to the economy annually and supports over 43,000 jobs. • Home to the Jacksonville Jaguars and TIAA Bank Field that has a capacity of 67,814 seats. KINGS BAY NAVAL BASE • This Dollar General is located 3 Miles from Kings Bay Naval Base which is a 16,000 acre submarine base that supports over 9,000 military personnel. • Kings Bay Naval Base contributes over $1.1 Billion to the local economy. ST. MARYS • St. Marys is well positioned off I-95 (67,000 VPD) between Savannah, GA and Jacksonville, FL. • St. Marys is the gateway to the Cumberland Island which is the largest of Georgia Coast’s barrier islands and sees nearly 80,000 visitors per year. • The 5 Mile population is 29,149 with an average household income of $72,732 which is superior to most Dollar General locations. • This Dollar General is located on Charlie Smith Sr Hwy (10,700 VPD) and 1 Mile from Hwy 40 (18,600 VPD). • Positioned less than 1 mile away from St. Marys Middle School that has over 1,000 Students. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Construction Delivery May 2021
  • Jacksonville MSA Location
  • Home To Kings Bay Naval Base (9,000 Military Personnel)
  • 5-Mile Population 29,149
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,000 + Locations

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Discount

Dollar General (Jacksonville MSA)

Listing Price: $1,998,000

Cap Rate
5.70%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.51

Investment Highlights

  • New Upgraded Construction Delivery May 2021
  • Jacksonville MSA Location
  • Home To Kings Bay Naval Base (9,000 Military Personnel)
  • 5-Mile Population 29,149
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New 2-sided upgraded Dollar General located in St. Marys (Jacksonville MSA), GA. • This store is currently under construction and scheduled for delivery in May 2021. JACKSONVILLE MSA • St. Marys is well positioned in Coastal Georgia just 35 miles North of Jacksonville and is part of the Jacksonville MSA. • Jacksonville is the most populous city in the Southeast and the 12th most populous city in the U.S. with a population of over 926,000. • The Port of Jacksonville handles over 21 million tons of cargo per year, contributes over $19 Billion to the economy annually and supports over 65,000 jobs. • Jacksonville is home to multiple Fortune 500 companies including CSX Corporation, Fidelity National Information Services and Southeastern Grocers. • Jacksonville, FL sees over 95 Million tourists per year that contribute over $1 Billion to the economy annually and supports over 43,000 jobs. • Home to the Jacksonville Jaguars and TIAA Bank Field that has a capacity of 67,814 seats. KINGS BAY NAVAL BASE • This Dollar General is located 3 Miles from Kings Bay Naval Base which is a 16,000 acre submarine base that supports over 9,000 military personnel. • Kings Bay Naval Base contributes over $1.1 Billion to the local economy. ST. MARYS • St. Marys is well positioned off I-95 (67,000 VPD) between Savannah, GA and Jacksonville, FL. • St. Marys is the gateway to the Cumberland Island which is the largest of Georgia Coast’s barrier islands and sees nearly 80,000 visitors per year. • The 5 Mile population is 29,149 with an average household income of $72,732 which is superior to most Dollar General locations. • This Dollar General is located on Charlie Smith Sr Hwy (10,700 VPD) and 1 Mile from Hwy 40 (18,600 VPD). • Positioned less than 1 mile away from St. Marys Middle School that has over 1,000 Students. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

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