Family Dollar
Closed6800 Firestone Rd, Jacksonville, FL 32244
Property type
Retail
Price
$1,796,000
Building size
8,320 sf
Rentable area
8,320 SF
Year built
2016
Year renovated
Occupancy
Zoning code
Lot size
1.53 Acres
Sold/status
Sold · Date unknown
Sale price
$1796000
CAP
7.15%
Net Operating Income
$128,432
Property description
Franklin Street is pleased to present the opportunity to acquire this Family Dollar location in Jacksonville, Florida. Jacksonville is the largest city by landmass in the US, and the most populous city proper in the state of Florida. Jacksonville is also Florida's youngest city with an average age of 36, due to the growing job market and comparatively affordable cost of living to other Florida cities. Jacksonville is home to the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and Southeastern Grocers. The Family Dollar site is located in the Southwest quadrant of the city along Interstate 295 that circles the city. With the limited available land on the southeastern part of the city, the southwest has seen substantial recent growth. Family Dollar has more than 8,000 stores across the US and is being acquired by Brigade Capital Management and Macellum Capital Management to position them for further growth. This location ranks as one of the top locations within the chain for foot traffic, and has several upgrade architecture features including brick exterior. The site is located on a well traveled road at a lighted intersection that has visibility from I-295. The lease features a landlord friendly absolute NNN lease, where the tenant maintains payment of all CAM, taxes, and insurance on the property, allowing for a passive investment.
Property highlights
- Family Dollar Store With 7 Years Remaining in Jacksonville, FL
- Top Performing Store Nationally and in the State of Florida: Ranks in the top 92% in Florida
- Interstate Visibility From 53,182 VPD on I-295
- Located at a Lighted Intersection on a Hard Corner
- Densely Populated: 198,108 residents within the 5 mile radius
- Rare Absolute NNN Lease For Family Dollar
- 10% Rental Increase in 2 Years and in Each Option to Renew