5855 Ft Caroline Rd, Jacksonville, FL 32277-1801
- Retail space
- 7,428 SF
- 1.39 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- M J Stylz @ Just Cut Loose Barber Shop Salon & M Expert Academy / Hair Salon
Property Details for 5855 Ft Caroline Rd
- Year built
- 2018
- Construction
- STEEL FRAME
- Lot size
- 1.39 lot acres
- Zone code
- CCG-1
- Property type
- Retail space
- APN
- 128170-0000
- APU
- 1281700000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 10, 2024 | $1,715,000 | Kolacny Investments LLC | Regel J LLC | Special Warranty Deed | $863k · Stanford FCU |
| Apr 30, 2018 | $1,974,567 | Regel-j LLC | Concept Dev INC | Warranty Deed | $558k · Td Bk NA |
| Apr 13, 2017 | $600,000 | Concept Dev INC | Hala & Chris LLC | Warranty Deed | — |
| Oct 16, 2013 | $160,000 | Hala & Chris LLC | Setzer Family Foundation INC | Grant Deed | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,715,000
- ML approach
- $1,715,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,400,000
- 6.5%
- $1,290,000
- 7%
- $1,200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,788,000
Market price range: $594k - $2.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,345,000 Current use
- COMMERCIAL (GENERAL)
- $1,875,000 Change: +39% Conversion: Easy
- MEDICAL BUILDING
- $1,695,000 Change: +26% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,585,000 Change: +18% Conversion: Difficult
- OFFICE BUILDING
- $1,440,000 Change: +7% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,225,000 Change: -9% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,195,000 Change: -11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6004
- Latitude
- 30.366
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
