• Family Dollar - 1177 Plum St, Jennings, FL 32053

For Sale

Retail

For Sale

This property is available for sale
1.45
Acres
$1,699,000
Sale Price
  • Year Built
    2016
  • Total Building Size
    8,400 RSF
  • Overview

    Coldwell Banker Commercial is proud to offer for sale a 8,400 sf, free standing Family Dollar retail Store. The Store was built as a Build to Suite in 2016 and has 13 years remaining on its original 15 year absolute NNN lease. This means no owner responsibilities. This is a true, " Mail Box Investment" in that the owner simply needs to collect the income from his investment. There is a 10% rent increase in year 10 and 10% rent increase in all of the option years.
    The property is located in Hamilton County in the town of Jennings FL. Jennings is a small town, reminiscent of the true old Florida, surrounded by farms lands hard working locals and visitors enjoying the springs, nature and home town feel Jennings offers.
    Also offered as a possibility is an assumable mortgage at a below current market interest rate with a 25 year amortization. This could allow a little flexibility and leveraging to an investor.

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Property Details

Coldwell Banker Commercial is proud to offer for sale a 8,400 sf, free standing Family Dollar retail Store. The Store was built as a Build to Suite in 2016 and has 13 years remaining on its original 15 year absolute NNN lease. This means no owner responsibilities. This is a true, " Mail Box Investment" in that the owner simply needs to collect the income from his investment. There is a 10% rent increase in year 10 and 10% rent increase in all of the option years.
The property is located in Hamilton County in the town of Jennings FL. Jennings is a small town, reminiscent of the true old Florida, surrounded by farms lands hard working locals and visitors enjoying the springs, nature and home town feel Jennings offers.
Also offered as a possibility is an assumable mortgage at a below current market interest rate with a 25 year amortization. This could allow a little flexibility and leveraging to an investor.

  • Property Type
    Retail
  • Year Built
    2016
  • Sale Price
    $1,699,000
  • Total Building Size
    8,400RSF
  • Total Acres
    1.45
  • Cap Rate
    6.0%
  • Number of Floors
    1
  • Last updated
    Aug 10, 2018
  • Property ID
    1489915

Landlord's Sales Representative

  • Gabriel Garrido
    Coldwell Banker Commercial AI Group
     
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