Dollar General NNN Investment
For Sale
Contact for pricing
7958 N Citrus Ave, Crystal River, FL 34428
Single-tenant Dollar General in Crystal River, Florida for sale.
Property Size9,177 SF
Lot Size3.06 Acres
Price / SF$215.76
Days on Market179
Property Features for 7958 N Citrus Ave
General Information
Standard status
Active
Size
9,177 SF
Lot size
3.06 Acres
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$84,562
Building Details
Tenancy
Single
Listing Agency:
MPGA Family Office Brokerage LLC
(929) 228-9281
Listed By:
Albert Arkalji · License #BK3472608
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 9 at 2:30PM
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
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 = 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
$144,344
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
7.29%
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%
$2,886,880
$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
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
$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 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%
$2,886,880
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
179k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 40%
Superstores 13%
Groceries 4%
Wawa
Shops & Services
51,855 visits/mo
0.4 miles
McDonald's
Dining
29,141 visits/mo
0.3 miles
Big Lots
Superstores
23,339 visits/mo
0.4 miles
Taco Bell
Dining
15,079 visits/mo
0.3 miles
BP
Shops & Services
11,606 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
