St. Augustine NNN Dollar General
9,100 SF | Retail Building | Saint Augustine, FL 32086 | $2,750,000 ($302/SF) | 4.87% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,750,000
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $302
Listing Contacts
Zachary Lemke
Verified Profile
- Property Info
Property Overview
Market Force CRE, as Exclusive advisor to the Seller, is pleased to present this opportunity to acquire a rare Absolute NNN leased Dollar General (NYSE: DG) in highly desirable St. Augustine, FL, the Nation’s Oldest City and Northeast Florida’s Biggest Tourist Destination.
Currently leased to Dollar General (NYSE: DG) on a absolute NNN lease with 7 years remaining, the property boasts a NOI of $133,857, with 4x 5-year renewal options out to 2051. The Tenant has demonstrated commitment to the site with recent renovations and meticulous care of the property. The site is within 3 miles of both Publix and Winn-Dixie anchored shopping centers, along with other national retailers such as CVS and Walgreens. New Development abounds in the surrounding area, with almost 1,000 residential units in development within just 1 mile of the site in summer of 2024.
Currently leased to Dollar General (NYSE: DG) on a absolute NNN lease with 7 years remaining, the property boasts a NOI of $133,857, with 4x 5-year renewal options out to 2051. The Tenant has demonstrated commitment to the site with recent renovations and meticulous care of the property. The site is within 3 miles of both Publix and Winn-Dixie anchored shopping centers, along with other national retailers such as CVS and Walgreens. New Development abounds in the surrounding area, with almost 1,000 residential units in development within just 1 mile of the site in summer of 2024.
Property Details
- Class
- B
- Year Built
- 2016
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 65,340 SF
Highlights
- NNN Lease with Zero Landlord Responsibilities
- Offered below replacement cost with replaceable rent.
- Stellar condition of property by Tenant shows commitment to the site
- Newly Constructed for Dollar General in 2016
- Over 1,000 residential units in development within 1 Mile
- Located in St. Augustine, FL Submarket- NE FL's Biggest Tourist Destination
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].