Dollar General NNN Investment
7958 N Citrus Ave, Crystal River, FL 34428
For Sale
Contact for pricing
Single-tenant Dollar General in Crystal River, Florida for sale.
Property Size9,177 SF
Lot Size3.06 Acres
Price / SF$215.76
Days on Market271
Property Features for 7958 N Citrus Ave
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Net Operating Income
Building Details
Tenancy
Listing Agency:
MPGA Family Office Brokerage LLC
Listed By:
Albert Arkalji · License FL BK3472608
(929) 228-9281
Source:
Crexi
Added: Feb 13
Changed: Nov 1
Last Checked: Nov 8 at 9:02AM
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 MPGA Family Office Brokerage LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a single-tenant Dollar General property for sale in Crystal River, Florida. The property is leased to Dollar General Corp. (NYSE: DG), which has an S&P credit rating of BBB. The lease commenced in 2013 and includes approximately two years remaining on the primary term, four 5-year renewal options, and 10% rental increases every five years. The building was constructed within the past 15 years. The lease structure is Absolute NNN, requiring no landlord responsibilities. The property is situated on a 3.06-acre parcel, which is larger than a typical Dollar General site. The oversized lot offers future development or expansion potential, with a large underutilized area behind the building suitable for additional retail or complementary uses, subject to zoning approvals. The site benefits from frontage, signage, and ample parking. Crystal River is a growing Gulf Coast market that has experienced over 15% population growth during the past decade and is supported by average household incomes of approximately $52,000. The property size is 9177 square feet.
Key Highlights
- Absolute NNN lease structure requires no landlord responsibilities
- Corporately leased to Dollar General Corp. (NYSE: DG), an investment‑grade tenant with an S&P credit rating of BBB
- Expansive 3.06‑acre parcel offers future development or expansion potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,344
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,880
$2.9M
Cap Rate 7%
$2,062,057
$2.1M
Cap Rate 9%
$1,603,822
$1.6M
Market Conditions
NOI Build-Up for 9,177 SF
Gross rent
$201.5K $21.96/SF
− Vacancy
−$9.1K −$0.99/SF
EGI
$192.5K $20.97/SF
− OpEx
−$48.1K −$5.24/SF
NOI
$144.3K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,880
Cap Rate 7%
$2,062,057
Cap Rate 9%
$1,603,822
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.41M
NOI $144,344 @ 7.0% cap · market cap 7.29%
Second Best
Retail
$1.26M
$1.10M – $1.47M
NOI $88,168 @ 7.0% cap · market cap 4.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
13,445 visits/mo
0.1 miles
Dollar General
Shops & Services
8,486 visits/mo
0.0 miles
Demographics for 34428, FL
9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
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
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant Dollar General in Crystal River, Florida for sale.
Where is this grocery and convenience store located?
The property is located at 7958 N Citrus Ave Crystal River, FL.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Absolute NNN lease structure requires no landlord responsibilities; Corporately leased to Dollar General Corp. (NYSE: DG), an investment‑grade tenant with an S&P credit rating of BBB; Expansive 3.06‑acre parcel offers future development or expansion potential
