Family Dollar Jacksonville, FL

233 E State St
Jacksonville, FL

Price: $4,050,000
Cap Rate: 5.35%
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+