233 E State St
Jacksonville, FL
Price:
$3,766,382
Cap Rate:
5.75%
NOI:
$216,567
Building Size:
Approx. 9,100 Sq. Ft.
Lot Size:
Approx. 0.78 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2012
Investment Overview
- 2012 Construction. 9,100+/- SF Building on 0.78 +/- Acre Site
- Recently Extended Lease While Taking Full 10% Increase in Rent
- Subject Property will be Undergoing H2 Renovation, Further Proving Commitment to Site
- Hard Corner Signalized Location in the Densely Populated Downtown Jacksonville Area
- Dollar Tree Acquired Family Dollar Making Them the 2nd Largest Discount Retailer
- Family Dollar Has a Strong Investment Grade Credit Rating (BBB)
- Jacksonville | Home to 3 Fortune 500 Companies | Population: 911,000+