Dollar General Convenience
For Sale
$1,365,000
702 N Main St, Trenton, FL 32693
Dollar General retail asset offered with an NNN lease structure in Trenton.
Property Size9,002 SF
Price / SF$151.63
Days on Market67
Property Features for 702 N Main St
General Information
Standard status
Active
Size
9,002 SF
Property subtype
Discount
Lease Type
Absolute Net
Amenities
NNN Lease | No Landlord Expenses
Rare Relocation Store | Evidence of Strong Success in Local Market
Top 15% of Stores Nationwide Per Placer.Ai
Tenant Just Remodeled at Their Own Expense
Directly Across from Trenton High School
Low Base Rent of Just $10.50 Per SF
Just 30+/- Miles from Gainesville, FL
Building Details
Building Size
9,002 SF
Listed By:
Robby Pfeiffer · License #License(s): GA: 281335, AL: 000091407-1
(678) 808-2770
Source:
Marcusmillichap
Added: Jul 21
Changed: Sep 24
Last Checked: Sep 24 at 6:39AM
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 Robby Pfeiffer
Investment Insights
Based on property information with market context.
This 9,002-square-foot grocery and convenience store is associated with Dollar General and is offered with an NNN lease structure. The building was completed in 2015, providing a relatively modern retail facility for the current use.
The property is located at 702 N. Main Street in Trenton, Florida, within the 32693 ZIP code. Its identified use centers on grocery and convenience retail, with the Dollar General brand serving as the property’s retail identity.
The property is located at 702 N. Main Street in Trenton, Florida, within the 32693 ZIP code. Its identified use centers on grocery and convenience retail, with the Dollar General brand serving as the property’s retail identity.
Key Highlights
- 9,002‑square‑foot grocery and convenience store
- Dollar General retail identity
- NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$107,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,143,740
$2.1M
Cap Rate 7%
$1,531,243
$1.5M
Cap Rate 9%
$1,190,967
$1.2M
Market Conditions
NOI Build-Up for 9,002 SF
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.
Gross rent
$151.2K $16.80/SF
− Vacancy
−$8.3K −$0.92/SF
EGI
$142.9K $15.88/SF
− OpEx
−$35.7K −$3.97/SF
NOI
$107.2K $11.91/SF
Area
Gilchrist County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,143,740
Cap Rate 7%
$1,531,243
Cap Rate 9%
$1,190,967
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,187 @ 7.0% cap · market cap 7.85%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,447 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,073 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32693, FL
12,815
Population
4,908
Households
2.6
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
200.7 sq mi
ZIP Area
64
Density / Sq Mi
$64,128
Median Household Income
$36,361
Median Earnings
$919
Median Rent
$182,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- SunStop Market #355 — 1209 E Wade St, Trenton, FL 32693
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar General retail asset offered with an NNN lease structure in Trenton.
Where is this grocery and convenience store located?
The property is located at 702 N Main St Trenton, FL.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: 9,002‑square‑foot grocery and convenience store; Dollar General retail identity; NNN lease structure
