Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Dollar General located in Kingsland, GA and part of the Jacksonville, FL metro area. This Dollar General offers a corporate guaranteed, triple net (NNN) lease with five, five-year tenant renewal options. This is a new location that is a recent build to suit for Dollar General and opened in 2021. Dollar General has been an industry leader for over 80 years with a BBB investment grade credit rating. Dollar General is on the NYSE with the symbol DG. As of January 2024, the company operates 19,643 stores across 47 states and employs approx. 185,800 people. There is limited competition in the surrounding area. The property is three miles from the nearest dollar store, five miles from the nearest grocery store, and less than seven miles from the nearest big box retailer. This Dollar General is located directly across Harrietts Bluff Road from a brand-new Circle K Gas Station and Truck Stop, bringing more traffic to the Subject Property. Also, located directly off Interstate 95 with more than 66,000 vehicles daily and connecting the area south to Downtown Jacksonville. I-95 is the Main Interstate on the East Coast That Connects Northern Maine to Miami, FL. Kingsland is well positioned in coastal Georgia between Savannah, GA and 35 miles north of Jacksonville, and is part of the Jacksonville Metropolitan Statistical Area (MSA). The local average annual household income in one mile of the Subject Property is $87,534 and expected to reach $101,773 by 2028.