For Sale
$2,390,308

3741 Clyde Morris BlvdPort Orange, FL 32129

High-performing Dollar General, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
3741 Clyde Morris Blvd, Port Orange, Florida

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3741 Clyde Morris Blvd
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