1263 6Th StMacclenny, FL 32063

Property Details for 1263 6Th St

Year built

2010

Lot size

1.34 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a Dollar General store located at 1263 S 6th St, Macclenny, FL 32063. The 9,100 square foot building, constructed in 2010, sits on a 1.34-acre lot and boasts a 100% occupancy rate with a credit-rated, corporate-guaranteed Absolute NNN lease. The lease, with a remaining term of 5.2 years, includes four 5-year renewal options with a 10% rent increase at each option, providing a strong hedge against inflation. The current annual net operating income (NOI) is $125,004, resulting in a 6.75% cap rate and a price per square foot of $203.51. The property benefits from its location on a primary retail corridor, with nearby national tenants including Winn-Dixie, Tractor Supply, and several fast-food restaurants. Strong demographics within a 3-mile radius, including a population exceeding 13,000 and an average household income of approximately $100,000, further enhance the investment's appeal. The property's proximity to Northeast Florida State Hospital and Ed Fraser Memorial Hospital adds to its strategic location. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable location within a tax-free state. The property's parcel number is 05-3S-22-0066-0000-0025.

Location Insight

City

Macclenny

County

Baker

State

Florida

Latitude

30.266

Longitude

-82.1216

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