DOLLAR GENERAL●7 YR REMAIN●T COMMITTED TO SITE
6.5% CAP | HIGH PERFORMING STORE
Marketing description
Presenting For Sale this Dollar General NN Asset Located in Lake City, Florida. This Asset Ensures a Corporate Guaranteed Investment in an Income Tax-Free State. Tenant’s Commitment to this Store Location Evidenced by Tenant’s Renewal & Extension of Lease Term 4 Years Prior to Lease Expiration Date. Limited Landlord Responsibilites. Landlord is Reimbursed By Tenant For Property Taxes and Insurance and Tenant Pays Landlord Monthly Fee For Common Area Maintenance. This Property is Located Across the Street From Columbia High School, A Major High School With Nearly 2,000 Students & Staff, Providing For a Reliable & Consistent Flow of Customers. This Offering Represents an Ideal Opportunity for a 1031 Exchange Buyer or a Hands Off Investor Seeking a Solid Investment Supported by a Very Well-Located and Situated Dollar General Store.
Investment highlights
- ENTRENCHED LOCATION - TENANT’S STRONG COMMITMENT TO THIS LOCATION, Tenant’s Commitment to this Store Location is Evidenced by Tenant’s Renewal & Extension of Lease Term 4 Years Prior to Lease Expiration Date
- 10% Rent Increase Every 5 Years Beginning On First Renewal Option
- HIGHLY VISIBLE-SEES A LOT OF TRAFFIC. Strategically Located on a Main Thoroughfare - Where US 41 and US 441 Merge Into a Single Highway, ALSO NEAR I-75 Exit, Providing Additional Customers
- Store Sees Approximately 12,000 VPD AND the Additional Customer Activity From Students, Parents, and Staff driving to and from Columbia High School, Located Across the Street, a Major High School with Nearly 2,000 Students & Staff, Providing for a Secure Investment
- High-Performing Store Location, In Recent Years Has Been Shown Ranked in the Top 15% of All Dollar General Stores in Florida By Placer.ai
- Highly Desirable, Income Tax-Free Florida Asset
- STRONG DEMOGRAPHICS FOR DISCOUNT STORE - Lake City, Florida, is a Small, Rural City having Demographics Ideal for Dollar General With an Average Household Income of around $50,000 and median age of around 40
- Dollar General Has an Investment-grade Rating of BBB by S&P, Reflecting a Solid Ability to Meet its Financial Obligations
- Dollar General Operates over 21,000 Stores Across the United States, Making it One of the Largest Discount Retailers in the Country
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