Dollar General 3741 S Clyde Morris Blvd

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a top performing Dollar General. The asset is located at 3741 S Clyde Morris Blvd in Port Orange, Florida. Dollar General is subject to a landlord friendly Absolute Net Lease with just under 6 years remaining on its primary lease term plus (3) 5-year options to renew. The options call for 10% rent increases during each renewal, ensuring a hedge against inflation.
The subject property sits on an oversized 1.4 AC lot, with the building’s GLA consisting of 9,526 SF. It has frontage on South Clyde Morris Boulevard, which has a traffic count of over 28,000 vehicles per day. Dollar General also benefits from the subject’s location since it serves as the neighborhood’s only discount store, with its closest competition being over 2 miles away.
Port Orange, Florida, stands out as a picturesque community in Volusia County, known for its beautiful riverfront landscapes and family-friendly atmosphere. Highlights include the scenic Riverwalk Park and the bustling Pavilion shopping center, which cater to both recreation and retail needs. Port Orange is part of the Daytona Beach MSA and has easy access via I-95 & US Highway 1. The city has grown about 5% from 2020-2023 and is projected to have a total population of 75,000+ by 2045.
Dollar General’s lease is backed by a robust retail entity. Dollar General Corporation (NYSE: DG) boasts an expansive presence, operating over 18,000 stores in 47 states, demonstrating its resilient retail footprint. Dollar General has established itself over the years as a staple in everyday shopping. The company's solid market positioning strengthen the subject property’s value further as a stable, hassle-free investment.