Skip to main content

Discount

Dollar General

18972 County Rd 125, Glen Saint Mary, FL 32040

Listing Price: $1,849,455

Cap Rate
5.50%
Tenant Name
Dolgencorp, Inc. d/b/a Dollar General
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.18

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Part of the Jacksonville MSA, the 4th largest metro in Florida and a major economic and commercial hub for Northeast Florida & Southeast Georgia - Optimal Lease Structure › 15-year Absolute Net lease with ±12 years remaining › Four (4), Five-Year renewal options - 2018 Build-to-Suit construction - Flat topography with phenomenal visibility on CR 125, which sees ±6,500 VPD BEST-IN-CLASS TENANT - Investment grade credit rating of BBB/Stable (S&P) - 2019 financials: $27.75 B in revenue & net worth of $6.7 B - Revenue and net income growth year-over-year since 2013 - DG operates 17,000+ stores across 46 states - Ranked #91 on the Fortune 500 list for 2021 - Included on Fortune’s 2020 World’s Most Admired Companies List JACKSONVILLE, FL MSA ADVANTAGE - Gross Domestic Product of $81.2 B (2019) - 5 companies with HQ in metro Jacksonville ranked in Fortune 1000 › 3 ranked in the elite Fortune 500 - Jacksonville is home to multiple military facilities including the Naval Air Station Jacksonville, Naval Station Mayport, Blount Island Command and Naval Submarine Base Kings Bay › 3rd largest military presence in the country - Major industries include financial services, healthcare and retail - Forbes Rankings: › #2 Best City for Young Professionals › #5 Fastest Growing City in America › #22 Best Places for Business & Careers 2019 - Florida is an income tax free state

Investment Highlights

  • Part of the Jacksonville MSA, the 4th largest metro in Florida and a major economic and commercial hub for Northeast Florida & Southeast Georgia
  • 15-year Absolute Net lease with ±12 years remaining
  • 2018 Build-to-Suit construction
  • Flat topography with phenomenal visibility on CR 125, which sees ±6,500 VPD
  • Four (4), Five-Year renewal options

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $1,849,455

Cap Rate
5.50%
Tenant Name
Dolgencorp, Inc. d/b/a Dollar General
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.18

Investment Highlights

  • Part of the Jacksonville MSA, the 4th largest metro in Florida and a major economic and commercial hub for Northeast Florida & Southeast Georgia
  • 15-year Absolute Net lease with ±12 years remaining
  • 2018 Build-to-Suit construction
  • Flat topography with phenomenal visibility on CR 125, which sees ±6,500 VPD
  • Four (4), Five-Year renewal options

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Part of the Jacksonville MSA, the 4th largest metro in Florida and a major economic and commercial hub for Northeast Florida & Southeast Georgia - Optimal Lease Structure › 15-year Absolute Net lease with ±12 years remaining › Four (4), Five-Year renewal options - 2018 Build-to-Suit construction - Flat topography with phenomenal visibility on CR 125, which sees ±6,500 VPD BEST-IN-CLASS TENANT - Investment grade credit rating of BBB/Stable (S&P) - 2019 financials: $27.75 B in revenue & net worth of $6.7 B - Revenue and net income growth year-over-year since 2013 - DG operates 17,000+ stores across 46 states - Ranked #91 on the Fortune 500 list for 2021 - Included on Fortune’s 2020 World’s Most Admired Companies List JACKSONVILLE, FL MSA ADVANTAGE - Gross Domestic Product of $81.2 B (2019) - 5 companies with HQ in metro Jacksonville ranked in Fortune 1000 › 3 ranked in the elite Fortune 500 - Jacksonville is home to multiple military facilities including the Naval Air Station Jacksonville, Naval Station Mayport, Blount Island Command and Naval Submarine Base Kings Bay › 3rd largest military presence in the country - Major industries include financial services, healthcare and retail - Forbes Rankings: › #2 Best City for Young Professionals › #5 Fastest Growing City in America › #22 Best Places for Business & Careers 2019 - Florida is an income tax free state

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower