BRAND NEW DOLLAR GENERAL JACKSONVILLE MSA | 6372 Co 218 rd
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BRAND NEW DOLLAR GENERAL JACKSONVILLE MSA 6372 Co 218 rd
10,640 SF Retail Building Maxville, FL 32234 £2,224,579 (£209/SF) 6.35% Net Initial Yield
Investment Highlights
- Strategically Located in the Clay Hill Area within Clay County (Part of Jacksonville MSA) with Excellent Connectivity
- Jacksonville, FL is the #1 Most Populous City in FL and 11th Most Populous City in the U.S., Boasting Rapid Growth
- Corner Site with Excellent Traffic Visibility in a High Income Area, High Paying Jobs Surrounding the Site
- Clay County is one of the Fastest Growing Counties in Florida by Population Percentage
- In an Area Poised for Major Residential Growth, with Large Scale Residential Development Underway Nearby, Access to I-10 and The First Caost Expresswa
- Clay Elementary School Directly Adjacent to th Site, Architecturally Unique, Extensively Upgraded Construction
Executive Summary
PRIME DOLLAR GENERAL LOCATION IN CLAY HILL (JACKSONVILLE MSA)
NEW CONSTRUCTION-HIGHLY UPGRADED LOCATION
LOCATION IS OPEN FOR BUSINESS
READY TO CLOSE AS SOON AS BUYER IS READY
Strategically located in the Clay Hill area within Clay County (part of Jacksonville MSA), this location is highly upgraded. Clay Hill is an area in the process of a dramatic transformation that will continue for the next 10-15 years. Residential growth will inject massive consumer power with the development of several residential developments including Bridle Creek (1,200 units) and 301 Villages (15,000 entitled units) within 10 miles of the site. Commercial growth will also contribute to the customer pool with IKO Industries building a 300,000 sf facility to employ 100 and Boeing expanding its presence at Cecil Airport/Spaceport and adding 400 jobs. Cecil Airport provides Northeast Florida with an economic impact of close to $3 billion annually, over 11,000 jobs and has a total annual payroll of close to $700 million and continues to grow and expand its presence in the area.
There are 4,520 households and a population of 12,600 within a 7-mile radius that have a high median income of $83,132 and an average household income of $107,847 within a 10 mile drive time radius, offering strong buying power,
Proximity to major highways, including U.S. 301, I-10, and the First Coast Expressway, facilitates easy access to the Jacksonville area.
The site is located at the intersection of C.R. 218 (14,500 AADT) and C.R. 217 (3,500 AADT), directly adjacent to Clay Hill Elementary School, with 418 students picked up and dropped off daily. This generates significant daily traffic and offers convenient access to a customer base. The site has a perfect location, filling a gap in the market. There are no competitors in the immediate trade area, except a gas station 3.34 miles away.
NEW CONSTRUCTION-HIGHLY UPGRADED LOCATION
LOCATION IS OPEN FOR BUSINESS
READY TO CLOSE AS SOON AS BUYER IS READY
Strategically located in the Clay Hill area within Clay County (part of Jacksonville MSA), this location is highly upgraded. Clay Hill is an area in the process of a dramatic transformation that will continue for the next 10-15 years. Residential growth will inject massive consumer power with the development of several residential developments including Bridle Creek (1,200 units) and 301 Villages (15,000 entitled units) within 10 miles of the site. Commercial growth will also contribute to the customer pool with IKO Industries building a 300,000 sf facility to employ 100 and Boeing expanding its presence at Cecil Airport/Spaceport and adding 400 jobs. Cecil Airport provides Northeast Florida with an economic impact of close to $3 billion annually, over 11,000 jobs and has a total annual payroll of close to $700 million and continues to grow and expand its presence in the area.
There are 4,520 households and a population of 12,600 within a 7-mile radius that have a high median income of $83,132 and an average household income of $107,847 within a 10 mile drive time radius, offering strong buying power,
Proximity to major highways, including U.S. 301, I-10, and the First Coast Expressway, facilitates easy access to the Jacksonville area.
The site is located at the intersection of C.R. 218 (14,500 AADT) and C.R. 217 (3,500 AADT), directly adjacent to Clay Hill Elementary School, with 418 students picked up and dropped off daily. This generates significant daily traffic and offers convenient access to a customer base. The site has a perfect location, filling a gap in the market. There are no competitors in the immediate trade area, except a gas station 3.34 miles away.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
£2,224,579
Price Per SF
£209
Net Initial Yield
6.35%
NOI
£141,261
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
1.76 AC
Opportunity Zone
Yes
Frontage
342 ft on County Road 218
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- -
- -
- NNN
- May 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Dollar General | Retailer | - | - | NNN | May 2039 |
PROPERTY TAXES
| Parcel Number | 16-04-23-000116-001-00 | Improvements Assessment | £0 |
| Land Assessment | £199,425 | Total Assessment | £199,425 |
PROPERTY TAXES
Parcel Number
16-04-23-000116-001-00
Land Assessment
£199,425
Improvements Assessment
£0
Total Assessment
£199,425
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BRAND NEW DOLLAR GENERAL JACKSONVILLE MSA | 6372 Co 218 rd
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