$2,329,676

450 Southwood Way

Orange Park FL, 32065

Description

Newly constructed Dollar General store with a new 15-year NNN lease with four (4) 5-year lease renewal options. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an investment grade tenant with an S&P rating of BBB. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This passive investment offers buyers a secure investment with no landlord responsibilities and rent guaranteed by a stable, recession and e-commerce resistant tenant. This seller is a trusted Dollar General Developer with a meticulous construction and transaction process that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations over 10+ year. This Seller has negotiated special financing terms which may be extended to the buyer on this transaction, which may provide substantial cost savings and increased IRR to buyer. Orange Park is part of the Jacksonville MSA. Jacksonville experienced the largest growth in Florida and 7th largest in the nation in 2018. This site is located along the newly developed First Coast Expressway.

Details

MLS#431073
Listing TypeFor Sale
TypeRetail
Sub-TypeResale
StatusActive
Year2019
Days On Site39

Features

SQ Feet9,100
Story(s)1

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Area Information

StateFL
CountyClay
CityOrange Park
Zip Code32065
AreaClay
Listing VS Median (in 32065)
Price:
$2,329,676
low | high
Med:
$2,329,676
50% of Average
SqFt:
9,100
low | high
Med:
9,100
50% of Average
$ / SqFt:
$256
low | high
Med:
$256
50% of Average
On Site:
39
low | high
Med:
39
100% of Average
Listing Updated: 02/17/2020
MLS Number: 431073
Listing Provided By:
Amber Crawford - Crawford Denny Team  of  Swift Creek Realty
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