5855 Ft Caroline Rd Jacksonville, FL 32277-1801
This exceptional investment opportunity presents a 7,545 square foot Dollar General storefront located at 5855 Fort Caroline Rd, Jacksonville, FL 32277. Built in 2018, this property is a Net Lease (NNN) investment, offering the buyer zero landlord responsibilities. The asking price is $1,749,000, representing a 7.00% cap rate. The property benefits from a strong corporate guarantee and the inherent recession-resistance of a Dollar General store, known for its profitability even during economic downturns. Situated in a high-population-density area, with approximately 164,466 people within a 5-mile radius, this location enjoys significant foot traffic due to its proximity to major retailers such as Winn Dixie, McDonald's, Walgreens, and Planet Fitness. The tenant boasts a "BBB" credit rating, further enhancing the investment's security and appeal. This is a turnkey investment ideal for passive income seekers. The property's strong tenant, prime location, and attractive financial metrics make it a compelling opportunity for discerning investors.
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Dollar General Discount Store
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Western Union Bank Credit Union
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M J Stylz @ Just Cut Loose Barber Shop Salon & M Expert Academy Hair Salon
(CCG-1), Commercial Community/General-2 (CCG-2), and Planned Unit Development (PUD) having commercial uses. (c) Building Form and Finish Materials. The following general provisions shall apply to all Development in the Mayport Road Zoning Overlay. (1) Roofs, which give the appearance of a flat roof from any street side of the building, are prohibited. Roofs…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CCG-1 · Jacksonville, FL(CCG-1), Commercial Community/General-2 (CCG-2), and Planned Unit Development (PUD) having commercial uses. (c) Building Form and Finish Materials. The following general provisions shall apply to all Development in the Mayport Road Zoning Overlay. (1) Roofs, which give the appearance of a flat roof from any street side of the building, are prohibited. Roofs may be gabled, hipped, mansard or otherwise designed to avoid the appearance of a flat roof from the adjoining street. (2) Open bay doors and other similar large doors providing access to work areas and storage areas shall not open towards or directly face Mayport Road. (3) The exterior finish of new buildings, and any exterior finish alterations and/or additions to the front side, street side or any side visible from adjoining residential properties of existing buildings, shall be of brick, wood, concrete, stucco, exterior insulation and finish systems (EIFS), architectural or split-face block, or other finish materials with similar appearance and texture. Metal clad, corrugated metal, plywood or Oriented Strand Board (OSB), and exposed plain concrete block shall not be permitted as exterior finish materials on the front or any street side of a building. (4) Exterior walls facing Mayport Road shall be relieved by doors, windows and architectural details. (5) Maximum building height shall be 35 feet. (d) Lighting. Exterior lighting shall be the minimum necessary to provide security and safety. (1) Direct lighting sources shall be shielded or recessed so that light does not directly illuminate adjacent properties. (2) Light poles without shielded luminary shall not exceed 15 feet in height. (3) Light poles with shielded luminary shall not exceed 35 feet in height. (4) Proposed lighting site plan showing the estimated illumination levels shall be shown on all plans submitted for site plan review. (5) Maximum contributed illumination at any property line shall be 0.5 foot candles. (e) Fences. The use of chain link, barbed wire, razor or concertina wire, and like fencing shall be prohibited where visible from any public right-of-way. Lawfully existing fencing at the time of the effective date of these regulations shall be permitted for ten years. After ten years from the effective date of these regulations, all fencing shall meet the requirements herein. (f) Landscaping and required buffers. The provisions of
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
