Absolute NNN Retail
For Sale
Contact for pricing
1921 Dunn Ave, Jacksonville, FL 32218
Corporate guarantee and no landlord responsibilities characterize the existing lease structure.
Property Size9,100 SF
Days on Market145
Property Features for 1921 Dunn Ave
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$117,276
Additional Details
Cap Rate
6.5%
Building Details
Buildings
1
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Apr 10 at 9:42PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,100-square-foot Dollar General store is subject to an absolute NNN lease with no landlord responsibilities. The lease commenced on June 1, 2010, and provides a 15-year initial term followed by four five-year renewal options. Each option includes a 10% rental rate increase, and the obligation is backed by Dollar General’s corporate guarantee. The tenant has operated at the property since 2010.
The property is located at 1921 Dunn Ave in Jacksonville, Florida. Jacksonville is served by a major US highway, and the surrounding five-mile area has a population greater than 92,000. Median household income within one mile exceeds $44,500. The asset is offered for sale with its existing absolute NNN lease structure.
The property is located at 1921 Dunn Ave in Jacksonville, Florida. Jacksonville is served by a major US highway, and the surrounding five-mile area has a population greater than 92,000. Median household income within one mile exceeds $44,500. The asset is offered for sale with its existing absolute NNN lease structure.
Key Highlights
- 9,100‑square‑foot Dollar General store at 1921 Dunn Ave, Jacksonville, FL 32218
- Absolute NNN lease with zero landlord responsibilities
- 15‑year initial lease term commencing 06/01/2010
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
VyStar Credit Union
Shops & Services
14,245 visits/mo
0.3 miles
Dollar General
Shops & Services
10,281 visits/mo
0.0 miles
Church's Chicken
Dining
5,987 visits/mo
0.2 miles
Papa John's Pizza
Dining
5,006 visits/mo
0.4 miles
Wok & Roll
Dining
1,266 visits/mo
0.4 miles
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate guarantee and no landlord responsibilities characterize the existing lease structure.
Where is this nnn property located?
The property is located at 1921 Dunn Ave Jacksonville, FL.
What are key features of this property?
This property features: 9,100‑square‑foot Dollar General store at 1921 Dunn Ave, Jacksonville, FL 32218; Absolute NNN lease with zero landlord responsibilities; 15‑year initial lease term commencing 06/01/2010
