Listed by Trinity Real Estate Investment Services
$1,138,800
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,125
Units 1
Cap Rate 7%
NOI $79,716
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 26.2
Lease Expiration 10/30/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options Three (3), 5-Year, 10%
Price per SqFt $140
Year Built 2004
Buildings 1
Acreage 1.400
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/31/2004
Ownership Fee Simple
Retail | 7.00% CAP | 8,125 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Lakeland, FL. The subject property is an NN lease with 4+ years remaining on current term. It is located in a dense residential area and is near several national retailers including Target, Walgreens, and more.
Property Website: https://trinityreis.com/listing/4250-old-kathleen-rd/
In cooperation with Brian Brockman at Bang Realty-Naples Inc | FL #BK3327646 | [email protected] | (513) 898-1551
Investment highlights
- NN Lease Dollar General With 4+ Years Remaining on Current Term
- Top‑Performing Dollar General With a 99% Brand Ranking
- Attractive 10% Rent Increases in the Option Periods
- Healthy 5-Mile Demographics of 114,000+ Residents
- Located in a Dense Residential Area With Subdivisions, Single Family Homes and Apartments in Immediate Area
- Near Several National Retailers Including Target, Walgreens, Sam's Club, Lowe's and More Creating Additional Customer Traffic for the Area
- Backed by Dollar General’s Corporate Guarantee, an Investment-Grade Retailer Operating Over 20,000 Locations Nationwide
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,716.00
$6,643.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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