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14837 NORMANDY Boulevard, Jacksonville, FL 32234

$1,900,000
Property Type: Commercial Sale Square Footage: 9,100 Lot Size (sq. ft.): 141,570 Status: Closed
Current Price: $1,900,000 List Date: 8/30/2017 Last Modified: 1/11/2025

Overview

Description

Newly constructed Dollar General store located in Jacksonville, Florida. This property is located along a main road with great visibility. Dollar General has guaranteed a new 15-year NNN lease with Four 5-year options with 10% increases. 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 passive investment offers buyers a secure investment with no management responsibilities and rent guaranteed by a stable, recession-proof tenant.

Listing Details MLS# 899419

General Property Information

Building Area Total
9100
Building Area Source
Plans
Year Built
2017
Lot Size Acres
3.25
Water Body Access YN
No
Waterfront YN
No
Stories Total
Yes
Directions
From 295, exit onto Normandy Blvd. Travel West on Normandy Blvd approx 11.67 miles. Property is on the right.
Public Remarks
Newly constructed Dollar General store located in Jacksonville, Florida. This property is located along a main road with great visibility. Dollar General has guaranteed a new 15-year NNN lease with Four 5-year options with 10% increases. 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 passive investment offers buyers a secure investment with no management responsibilities and rent guaranteed by a stable, recession-proof tenant.
List Price/SqFt
208.88
Sold Price/SqFt
208.79

Property Features

Construction Materials: Frame Current Use: Commercial; Retail Flooring: Concrete Heating: Central Listing Terms: Cash; Conventional Possession: Subject To Tenant Rights Roof: Metal Sewer: Public Sewer Tenant Pays: All Utilities; Common Area Maintenance; Exterior Maintenance; Insurance; Janitorial Service; Roof; Taxes Water Source: Public

Contract Information

Listing Contract Date
2017-08-30
Property Sub Type
Mixed Use

Location Tax and Legal

Street Number
14837
Street Name
NORMANDY
Street Suffix
Boulevard
County
Duval
State
FL
Postal Code
32234
MLS Area Major
065-Panther Creek/Adams Lake/Duval County-SW

Status Change Information

Major Change Timestamp
2017-09-19T19:42:08Z
Major Change Type
Status Change
Purchase Contract Date
2017-09-15
Close Date
2017-09-15
Close Price
1900000

Historical Information

Public Historical Remarks 1
Road Surface: Asphalt Road, Possible Financing-1031 Exchange: Y, Tenant Expenses-Signage: Y, Approx. Total SqFt: 0.00
Public Historical Remarks 2
Number of Buildings: 1 Building
Public Historical Remarks 3
Current Zoning: Commercial

More Information

Location, Tax, and Legal

Parcel Number
0022780030

Construction Materials

Frame
Yes

Current Use

Commercial
Yes
Retail
Yes

Flooring

Concrete
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Tenant Pays

All Utilities
Yes
Common Area Maintenance
Yes
Exterior Maintenance
Yes
Insurance
Yes
Janitorial Service
Yes
Roof
Yes
Taxes
Yes

Water Source

Public
Yes
Listing Office: SWIFT CREEK REALTY & INVESTMENT CORP.
Source MLS Verified
Last Updated: January - 11 - 2025
Information deemed reliable but not guaranteed.

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