5855 Fort Caroline RdJacksonville, FL 32277

Property Details for 5855 Fort Caroline Rd

Year built

2018

Construction

STEEL FRAME

Lot size

1.39 AC

Property size (Sq ft)

7,428 SF

Zone code

CCG-1

Property type

Retail space

APN

128170-0000

APU

1281700000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,293,980

  6.5%

  $1,194,440

  7%

  $1,109,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $525,385

  Geo Method

  $525,385

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,336,970

  Mixed-Use / Specialty

  $1,187,070

  Hospitality / Lodging

  $866,870

  Office

  $1,176,780

  Institutional / Educational

  $1,232,970

  Residential Income

  $1,442,570

  Multifamily

  $1,747,370

  Automotive / Energy

  $1,056,830

  Parking / Income-Based Land

  $367,770

  Restaurant / Food Service

  $610,771

  Healthcare / Senior Housing

  $1,220,510

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.366

Longitude

-81.6004

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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