For Sale
$2,390,308

3741 Clyde Morris Blvd Port Orange, FL 32129

High-performing Dollar General, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fee-simple, 9,526 square foot Dollar General located at 3741 S Clyde Morris Blvd, Port Orange, FL 32129. The property, built in 2010, sits on a 1.4-acre lot and benefits from a high-traffic location with over 28,500 vehicles per day. The Absolute NNN lease, with a corporate guarantee, has a remaining term of approximately 5.8 years, plus three five-year options with 10% rent increases each term. The current annual net operating income (NOI) is $155,370, representing a 6.50% cap rate on the $2,390,308 asking price ($250.92/sq ft). The single-story building is zoned RPUD and is a top-performing store, ranking in the 63rd percentile nationally according to Placer AI. This investment offers a strong residual value due to its distinctive architectural design and oversized lot. The property is part of the Daytona Beach MSA, a growing area with easy access to I-95 and US Highway 1. The tenant, Dollar General Corporation (NYSE: DG), operates over 18,000 stores nationwide, providing significant financial stability and a low-risk investment profile. This is a rare opportunity to acquire a well-performing, long-term net-leased property with significant upside potential.

Highlights

  • Corporate Absolute Net Lease; zero landlord responsibilities.
  • Investment-grade tenant (Dollar General), BBB rating.
  • High-traffic location on S Clyde Morris Blvd; over 28,500 vehicles per day.
  • Long-term lease: ~6 years remaining plus three 5-year options.
  • 10% rent increases every 5 years in option periods.
  • Top-performing Dollar General; 63rd percentile nationally (Placer AI).

Property Details for 3741 Clyde Morris Blvd

Property type
Retail properties, Retail space
Square Feet
9,526 SF
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Port Orange
County
Volusia
State
Florida
Latitude
29.145093734965
Longitude
-81.034695175604

FAQs

What type of property is this?
Retail property - High-performing Dollar General, NNN lease.
Where is the retail property located?
The property is located at 3741 Clyde Morris Blvd Port Orange, FL.
What is the asking price?
The asking price for this property is $2,390,308.
What are key features of this property?
This property features: Corporate Absolute Net Lease; zero landlord responsibilities.; Investment-grade tenant (Dollar General), BBB rating.; High-traffic location on S Clyde Morris Blvd; over 28,500 vehicles per day.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3741 Clyde Morris Blvd
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