Current Use by Public Records
- Amerigas Propane Exchange / Propane Supplier
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 1263 6Th St
- Year built
- 2010
- Lot size
- 1.34 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a Dollar General store located at 1263 S 6th St, Macclenny, FL 32063. The 9,100 square foot building, constructed in 2010, sits on a 1.34-acre lot and boasts a 100% occupancy rate with a credit-rated, corporate-guaranteed Absolute NNN lease. The lease, with a remaining term of 5.2 years, includes four 5-year renewal options with a 10% rent increase at each option, providing a strong hedge against inflation. The current annual net operating income (NOI) is $125,004, resulting in a 6.75% cap rate and a price per square foot of $203.51. The property benefits from its location on a primary retail corridor, with nearby national tenants including Winn-Dixie, Tractor Supply, and several fast-food restaurants. Strong demographics within a 3-mile radius, including a population exceeding 13,000 and an average household income of approximately $100,000, further enhance the investment's appeal. The property's proximity to Northeast Florida State Hospital and Ed Fraser Memorial Hospital adds to its strategic location. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable location within a tax-free state. The property's parcel number is 05-3S-22-0066-0000-0025.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Macclenny
- County
- Baker
- State
- Florida
- Longitude
- -82.1216
- Latitude
- 30.266
