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Family Dollar 1177 Plum St

8,320 SF Retail Building Jennings, FL 32053 £939,389 (£113/SF) 8.50% Net Initial Yield

Investment Highlights

  • Long Term Lease
  • Absolute NNN Lease
  • Strategic Retail Location
  • Attractive Rent Increases
  • Investment Grade Credit
  • Dominant Market-Share Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 1177 Plum Street in Jennings, Florida (the “Property”). Family Dollar has occupied this build-to-suit location since 2016 and has 6+ years remaining on their 15-year Absolute NNN Lease with six (6), 5-year renewal options. The lease features attractive rent increases in 2026 and at the start of each renewal option. Family Dollar is positioned along Plum Street (US Highway 41), the area’s primary commercial and commuter corridor, and is 0.4-miles from the intersection with Hamilton Avenue (FL Route 143) and 1.5-miles from Interstate 75. Family Dollar serves as the primary shopping destinations within the town as the closest national or regional grocer is more than 10-miles away. Jennings sits in north-central Florida and is 1.5-miles from the Georgia state line, 80-miles from Tallahassee and 100-miles from Jacksonville.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
£939,389
Price Per SF
£113
Net Initial Yield
8.50%
NOI
£79,848
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.45 AC
Zoning
C - Commercial
Parking
56 Spaces (6.73 Spaces per 1,000 SF Leased)
Frontage
89 ft on Plum Street

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • NNN
  • Jun 2031

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - - NNN Jun 2031
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1177 Plum St, Jennings, FL - aerial map view

PROPERTY TAXES

Parcel Number 7238-030 Improvements Assessment £480,352
Land Assessment £17,037 Total Assessment £497,389

PROPERTY TAXES

Parcel Number
7238-030
Land Assessment
£17,037
Improvements Assessment
£480,352
Total Assessment
£497,389
(202) 847-4200

Contacts

  • Listing ID: 31807524

  • Date on Market: 15/05/2024

  • Last Updated:

  • Address: 1177 Plum St, Jennings, FL 32053

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1177 Plum St, Jennings, FL for sale Building Photo- Image 1 of 6
Jennings 1
1177 Plum St, Jennings, FL for sale Building Photo- Image 2 of 6
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1177 Plum St, Jennings, FL for sale Building Photo- Image 3 of 6
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1177 Plum St, Jennings, FL for sale Building Photo- Image 4 of 6
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1177 Plum St, Jennings, FL for sale Aerial- Image 5 of 6
Jennings Aerial

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© 2024 CoStar Group

Family Dollar | 1177 Plum St
(202) 847-4200 x

Family Dollar | 1177 Plum St

1/2

Kyle Danielson

(202) 847-4200

(202) 847-4200

Daniel Bernardini

(954) 305-9400

(954) 305-9400

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