Purchase Price | $2,214,285 |
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Annual Rental Income | $155,000 |
Cap Rate | 7% |
Lease Term | 12 Years |
City | Jacksonville |
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Jacksonville is a midsize, military-driven regional hub with approximately 72,900 residents as of mid‑2023. It is anchored by major employers such as Camp Lejeune and Marine Corps Air Station New River, supporting a robust local economy. The city’s median household income hovers around $58,000 and per capita income near $29,000 . Employment continues to expand—especially in retail, healthcare, and food services—with stable population growth supported by ongoing infrastructure improvements and downtown revitalization efforts. This Dollar General location is positioned strategically along Richlands Highway near dense residential and military neighborhoods, served by high daily traffic and minimal direct discount-retail competition.
This opportunity features a net-lease asset leased to Dollar General Corporation—a publicly traded, investment-grade retail tenant backed by a corporate guarantee. Under an absolute triple-net lease, the tenant is responsible for all expenses—property taxes, insurance, and structural and HVAC maintenance—providing investors with truly passive, long-term income.