Dollar General Absolute NNN
For Sale
Contact for pricing
1610 Edgewood Ave W, Jacksonville, FL 32208
For sale Dollar General storefront offered on an absolute NNN basis in Jacksonville, Florida.
Property Size9,100 SF
Price / SF$209.98
Days on Market157
Property Features for 1610 Edgewood Ave W
General Information
Standard status
Active
Size
9,100 SF
Total Parking Spaces
33
Property subtype
Retail
Zoning
CCG-2 - Commercial Commercial/General-2
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$124,202
Building Details
Year Built
2010
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Ripco Real Estate
Listed By:
Ari Ravi · License #SL- 3210827
(727) 452-6864
Source:
Crexi
Added: Apr 2
Changed: Aug 25
Last Checked: Sep 2 at 12:45AM
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 Ripco Real Estate
Investment Insights
Based on property information with market context.
This for-sale Dollar General storefront is offered as an absolute NNN property. The asset is positioned as a specialty retail store within the provided commercial property classification set, and it is presented with an absolute triple-net structure as stated in the public remarks.
The property address is 1610 Edgewood Ave W, Jacksonville, FL 32208. The listed property size is 9,100 square feet.
The offering is marketed specifically as an absolute NNN retail investment, aligning with investors seeking a property structured for tenant-paid expenses under a net lease framework.
The property address is 1610 Edgewood Ave W, Jacksonville, FL 32208. The listed property size is 9,100 square feet.
The offering is marketed specifically as an absolute NNN retail investment, aligning with investors seeking a property structured for tenant-paid expenses under a net lease framework.
Key Highlights
- Dollar General storefront for sale in Jacksonville, Florida
- Offered on an absolute NNN basis
- Year built: 2010
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
$135,626
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
7.10%
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%
$2,712,520
$2.7M
Cap Rate 7%
$1,937,514
$1.9M
Cap Rate 9%
$1,506,956
$1.5M
Market Conditions
NOI Build-Up for 9,100 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
$196.6K $21.60/SF
− Vacancy
−$15.7K −$1.73/SF
EGI
$180.8K $19.87/SF
− OpEx
−$45.2K −$4.97/SF
NOI
$135.6K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /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%
$2,712,520
Cap Rate 7%
$1,937,514
Cap Rate 9%
$1,506,956
Alternative Uses
Best Use
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,626 @ 7.0% cap · market cap 7.10%
Second Best
Retail
$1.47M
$1.29M – $1.71M
NOI $102,850 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,502 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
122k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 25%
Groceries 7%
Electronics 1%
Raceway
Shops & Services
24,084 visits/mo
0.4 miles
Taco Bell
Dining
11,986 visits/mo
0.3 miles
Checkers
Dining
9,720 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,228 visits/mo
0.1 miles
Save-A-Lot
Groceries
8,006 visits/mo
0.3 miles
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
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?
Grocery and convenience store - For sale Dollar General storefront offered on an absolute NNN basis in Jacksonville, Florida.
Where is this grocery and convenience store located?
The property is located at 1610 Edgewood Ave W Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,910,800.
What are key features of this property?
This property features: Dollar General storefront for sale in Jacksonville, Florida; Offered on an absolute NNN basis; Year built: 2010
