Dollar General Absolute NNN
For Sale
Contact for pricing
1610 Edgewood Ave W, Jacksonville, FL 32208
Single-tenant Dollar General on an established lease with absolute NNN structure and remaining term of 4.75 years.
Property Size9,100 SF
Price / SF$209.98
Days on Market107
Property Features for 1610 Edgewood Ave W
General Information
Standard status
Active
Size
9,100 SF
Property subtype
RETAIL
Additional Details
Traffic Count
19,100 vehicles/day
Listing Agency:
RIPCO Real Estate | Tampa
(813) 921-5642
Listed By:
Edward Kemp · License #SL3395691
(813) 921-5642
Source:
Moodyscre
Added: Apr 16
Changed: Jul 27
Last Checked: Jul 27 at 11:18PM
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 | Tampa
Investment Insights
Based on property information with market context.
This offering features a single-tenant Dollar General retail property operating under an absolute NNN lease, described as having no landlord responsibilities. The lease includes an executed early extension in 2023 with a 7.50% rent bump, and 4.75 years remaining on the current term. Dollar General also has four (4) five-year options, each with 10% increases.
The property is located on a dense neighborhood corridor with 191 feet of frontage on Edgewood Ave W, benefiting from 19,100 vehicles per day per the provided information. The surrounding area includes nearby national retailers such as O’Reilly Auto Parts, Family Dollar, Wells Fargo Bank, Burger King, Taco Bell, Checkers, Save A Lot, and Walgreens.
The asset is presented as a specialty retail storefront investment aligned with Dollar General’s long-term operating footprint, with the provided remarks noting continued growth plans including new store openings and renovations.
The property is located on a dense neighborhood corridor with 191 feet of frontage on Edgewood Ave W, benefiting from 19,100 vehicles per day per the provided information. The surrounding area includes nearby national retailers such as O’Reilly Auto Parts, Family Dollar, Wells Fargo Bank, Burger King, Taco Bell, Checkers, Save A Lot, and Walgreens.
The asset is presented as a specialty retail storefront investment aligned with Dollar General’s long-term operating footprint, with the provided remarks noting continued growth plans including new store openings and renovations.
Key Highlights
- Single‑tenant Dollar General on an absolute NNN lease with no landlord responsibilities
- Early lease extension executed in 2023 with a 7.50% rent bump; 4.75 years remaining on the current term
- Four (4) five‑year lease options available, each with 10% increases
Financial Insights For 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 | $163.8k | $18.00 |
| − Vacancy | −$16.9k | −$1.85 |
| EGI | $146.9k | $16.15 |
| − OpEx | −$44.1k | −$4.84 |
| NOI | $102.9k | $11.30 |
9,100 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.71M
NOI $102,850 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
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
Current Use
Lease Details
19,100 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
11,026 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant Dollar General on an established lease with absolute NNN structure and remaining term of 4.75 years.
Where is this nnn property 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: Single‑tenant Dollar General on an absolute NNN lease with no landlord responsibilities; Early lease extension executed in 2023 with a 7.50% rent bump; 4.75 years remaining on the current term; Four (4) five‑year lease options available, each with 10% increases
