For Sale
$2,578,372.09

7924 Fl-6Jasper, FL 32052

Brand new, high-return Dollar General investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, single-tenant Dollar General store located at 7924 FL-6, Jasper, Florida 32052. The property boasts 10,566 square feet on a 2.25-acre lot, featuring 63 parking spaces. Built in 2024, this absolute NNN lease offers a 15-year remaining term with a built-in 5% rent increase every 5 years, ensuring consistent income growth. The property enjoys a prime location with excellent visibility and accessibility, situated near I-75, a major transportation artery. The strong tenant, Dollar General, is credit-rated and backed by a corporate guarantee, minimizing risk. The current NOI is $166,305, resulting in a 6.45% cap rate and a price per square foot of $244.03. The asking price is $2,578,372.09. This strategically located store serves a growing community in an underserved market, capitalizing on high traffic counts from both local residents and commuters traveling along SR 6 and I-75. The property's proximity to major cities like Tallahassee, Jacksonville, Gainesville, and Valdosta further enhances its appeal and potential for long-term growth. With no direct competition in the immediate area, this Dollar General represents a secure and lucrative investment opportunity in a tax-free state. The property's APN is 2886-000.

Highlights

  • Brand-new, single-tenant Dollar General store in Jasper, FL.
  • 10,566 SF building on a 2.25-acre lot with 63 parking spaces.
  • Absolute NNN lease with 15 years remaining, including 5% rent increases every 5 years.
  • $2,578,372 asking price, $244.03 PSF, 6.45% cap rate, $166,305 NOI.
  • Prime location near I-75 with excellent visibility and accessibility, serving a growing community.

Property Details for 7924 Fl-6

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
98,010 SF
Units
1

Location Insight

City
Jasper
County
Hamilton
State
Florida
Latitude
30.5133418
Longitude
-83.0634663
7924 Fl-6, Jasper, Florida

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7924 Fl-6
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