St. Augustine NNN Dollar General | 5045 US Highway 1 S
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
St. Augustine NNN Dollar General 5045 US Highway 1 S
9,100 SF Retail Building Saint Augustine, FL 32086 $2,750,000 ($302/SF) 4.87% Cap Rate
Investment Highlights
- NNN Lease with Zero Landlord Responsibilities
- Stellar condition of property by Tenant shows commitment to the site
- Over 1,000 residential units in development within 1 Mile
- Offered below replacement cost with replaceable rent.
- Newly Constructed for Dollar General in 2016
- Located in St. Augustine, FL Submarket- NE FL's Biggest Tourist Destination
Executive Summary
Market Force CRE, as Exclusive advisor to the Seller, is pleased to present this opportunity to acquire a rare Absolute NNN leased Dollar General (NYSE: DG) in highly desirable St. Augustine, FL, the Nation’s Oldest City and Northeast Florida’s Biggest Tourist Destination.
Currently leased to Dollar General (NYSE: DG) on a absolute NNN lease with 7 years remaining, the property boasts a NOI of $133,857, with 4x 5-year renewal options out to 2051. The Tenant has demonstrated commitment to the site with recent renovations and meticulous care of the property. The site is within 3 miles of both Publix and Winn-Dixie anchored shopping centers, along with other national retailers such as CVS and Walgreens. New Development abounds in the surrounding area, with almost 1,000 residential units in development within just 1 mile of the site in summer of 2024.
Currently leased to Dollar General (NYSE: DG) on a absolute NNN lease with 7 years remaining, the property boasts a NOI of $133,857, with 4x 5-year renewal options out to 2051. The Tenant has demonstrated commitment to the site with recent renovations and meticulous care of the property. The site is within 3 miles of both Publix and Winn-Dixie anchored shopping centers, along with other national retailers such as CVS and Walgreens. New Development abounds in the surrounding area, with almost 1,000 residential units in development within just 1 mile of the site in summer of 2024.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2016
Price
$2,750,000
Price Per SF
$302
Cap Rate
4.87%
NOI
$133,857
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
1.50 AC
Zoning
CI - Commercial Intensive- St. Johns County- The most Intensive retail commercial zoning within St. Johns County
Parking
30 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
336 FT on Highway 1
PROPERTY TAXES
| Parcel Number | 182040-0000 | Improvements Assessment | $972,360 |
| Land Assessment | $429,940 | Total Assessment | $1,402,300 |
PROPERTY TAXES
Parcel Number
182040-0000
Land Assessment
$429,940
Improvements Assessment
$972,360
Total Assessment
$1,402,300
-
Zachary Lemke -
Market Force CRE
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
St. Augustine NNN Dollar General | 5045 US Highway 1 S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.