For Sale
$1,749,000

5855 Fort Caroline Rd Jacksonville, FL 32277

High-Yield Retail Investment, 7.00% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 7,545 square foot Dollar General storefront located at 5855 Fort Caroline Rd, Jacksonville, FL 32277. Built in 2018, this property is a Net Lease (NNN) investment, offering the buyer zero landlord responsibilities. The asking price is $1,749,000, representing a 7.00% cap rate. The property benefits from a strong corporate guarantee and the inherent recession-resistance of a Dollar General store, known for its profitability even during economic downturns. Situated in a high-population-density area, with approximately 164,466 people within a 5-mile radius, this location enjoys significant foot traffic due to its proximity to major retailers such as Winn Dixie, McDonald's, Walgreens, and Planet Fitness. The tenant boasts a "BBB" credit rating, further enhancing the investment's security and appeal. This is a turnkey investment ideal for passive income seekers. The property's strong tenant, prime location, and attractive financial metrics make it a compelling opportunity for discerning investors.

Highlights

  • Absolute NNN Lease: Zero landlord responsibilities.
  • Investment-Grade Tenant: Dollar General with a BBB credit rating.
  • High-Density Trade Area: ±164,466 population within 5 miles.
  • Corporate Guarantee: Providing strong financial backing.
  • Recession-Resistant Business Model: Dollar General thrives in economic downturns.
  • Excellent Location: High foot traffic due to proximity to Winn-Dixie, McDonald's, Walgreens, Planet Fitness, and other major retailers.

Property Details for 5855 Fort Caroline Rd

Property type
Retail properties, Retail space
Square Feet
7,545 SF
Year Built
2018

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3659062
Longitude
-81.6003659

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 7.00% Cap Rate
Where is the retail property located?
The property is located at 5855 Fort Caroline Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Absolute NNN Lease: Zero landlord responsibilities.; Investment-Grade Tenant: Dollar General with a BBB credit rating.; High-Density Trade Area: ±164,466 population within 5 miles.
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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5855 Fort Caroline Rd
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