New Dollar General NNN
108 Louis Broer Rd East Palatka, FL 32131
108 Louis Broer Rd, East Palatka, FL, 32131
Contact for pricing
For Sale
Contact for pricing
Brand-new Dollar General store on an absolute NNN lease with long-term term and scheduled rental increases.
Property Size10,640 SF
Lot Size2.04 Acres
Price / SF$281.48
Days on Market120
Property Features for 108 Louis Broer Rd
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Lot size
- 2.04 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agency
Marcus & Millichap - Orange County
Listed by
Kyle Blatt · License #CA 02017976
Source
Crexi
Added: Mar 25 Updated: Jul 21 at 10:13PM Checked: Jul 21 at 10:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
Brand new 2026 construction Dollar General market featuring a prototypical 10,640 SF store on a 2.04-acre parcel. The property is offered as an absolute NNN investment, subject to a 15-year lease with 5 percent rental increases every five years and five additional five-year options.
Located at the corner of E Louis Broer Rd and Hwy 207 in East Palatka, FL, the site is described as having excellent visibility to an estimated 17,600 vehicles per day. The marketing materials also note the store serves nearly 17,000 residents within a five-mile radius, with an average household income of approximately $114,000 within one mile.
Located at the corner of E Louis Broer Rd and Hwy 207 in East Palatka, FL, the site is described as having excellent visibility to an estimated 17,600 vehicles per day. The marketing materials also note the store serves nearly 17,000 residents within a five-mile radius, with an average household income of approximately $114,000 within one mile.
Key Highlights
- Brand‑new 2026 Dollar General Market (10,640 SF) on a 2.04‑acre parcel at E Louis Broer Rd and Hwy 207 in East Palatka, FL
- Absolute NNN lease with 15‑year initial term plus five 5‑year options
- Lease includes 5% rental increases every five years
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.0k | $15.60 |
| − Vacancy | −$8.6k | −$0.81 |
| EGI | $157.4k | $14.79 |
| − OpEx | −$39.3k | −$3.70 |
| NOI | $118.0k | $11.09 |
10,640 SF · lease $15.60/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,015 @ 7.0% cap · market cap 3.94%
Second Best
Retail
$1.53M
$1.34M – $1.79M
NOI $107,221 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,966 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Hitchcock's Market — 164 Hwy 17, East Palatka, FL 32131
FAQs
What type of property is this?
Grocery and convenience store - Brand-new Dollar General store on an absolute NNN lease with long-term term and scheduled rental increases.
Where is this grocery and convenience store located?
The property is located at 108 Louis Broer Rd East Palatka, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Brand‑new 2026 Dollar General Market (10,640 SF) on a 2.04‑acre parcel at E Louis Broer Rd and Hwy 207 in East Palatka, FL; Absolute NNN lease with 15‑year initial term plus five 5‑year options; Lease includes 5% rental increases every five years
