Dollar General NNN Investment
For Sale
Contact for pricing
8214 Lillian Hwy, Pensacola, FL 32506
NNN Dollar General on Lillian Highway in Pensacola, Florida.
Property Size9,100 SF
Price / SF$192.50
Days on Market144
Property Features for 8214 Lillian Hwy
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$113,863
Building Details
Year Built
2019
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Exclusive Realty
(248) 833-6601
Listed By:
Shelby Sagmani Sulaiman · License #MI 6501385089
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 Exclusive Realty
Investment Insights
Based on property information with market context.
This NNN Dollar General property is located on Lillian Highway in Pensacola, Florida. The property offers a dependable investment opportunity backed by a strong national tenant. Operating under a long-term triple net lease, this property provides investors with stable income and minimal landlord responsibilities. Pensacola is a thriving Gulf Coast city known for its strong military presence, tourism industry, and expanding residential and commercial base. The property benefits from its prime location along Lillian Highway, a major commuter and retail corridor with excellent visibility and access to surrounding neighborhoods and regional traffic routes. The property size is 9100 square feet.
Key Highlights
- Long‑term NNN Lease: Enjoy stable income with minimal landlord responsibilities.
- Strong National Tenant (Dollar General): Offers a dependable investment opportunity.
- Prime Location on Lillian Highway: Benefits from high visibility and easy access.
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
$108,815
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
6.21%
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%
$2,176,300
$2.2M
Cap Rate 7%
$1,554,500
$1.6M
Cap Rate 9%
$1,209,056
$1.2M
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
$158.3K $17.40/SF
− Vacancy
−$13.3K −$1.46/SF
EGI
$145.1K $15.94/SF
− OpEx
−$36.3K −$3.99/SF
NOI
$108.8K $11.96/SF
Area
Escambia County, FL
Vacancy
8.37%
Lease Rate
$17.40 /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%
$2,176,300
Cap Rate 7%
$1,554,500
Cap Rate 9%
$1,209,056
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,815 @ 7.0% cap · market cap 6.21%
Second Best
Retail
$1.47M
$1.29M – $1.71M
NOI $102,850 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,951 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Electronics 6%
Dining 5%
Tom Thumb Food Stores
Shops & Services
15,190 visits/mo
0.4 miles
Dollar General
Shops & Services
6,949 visits/mo
0.0 miles
Family Dollar
Shops & Services
3,693 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,633 visits/mo
0.3 miles
Papa John's Pizza
Dining
1,433 visits/mo
0.2 miles
Demographics for 32506, FL
36,017
Population
16,625
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$59,978
Median Household Income
$36,216
Median Earnings
$1,280
Median Rent
$200,500
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?
NNN property - NNN Dollar General on Lillian Highway in Pensacola, Florida.
Where is this nnn property located?
The property is located at 8214 Lillian Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $1,751,738.
What are key features of this property?
This property features: Long‑term NNN Lease: Enjoy stable income with minimal landlord responsibilities.; Strong National Tenant (Dollar General): Offers a dependable investment opportunity.; Prime Location on Lillian Highway: Benefits from **high visibility and easy access**.
