Property History
Brand new 2026 construction Dollar General Market located at the corner of E Louis Broer Rd and Hwy 207 in East Palatka, FL, subject to a 15‑year absolute NNN lease with 5 percent rental increases every five years and five - five‑year options. The 10,640 SF prototypical store sits on a 2.04‑acre parcel with excellent visibility to 17,600 vehicles per day and serves nearly 17,000 residents within a five‑mile radius, with an average household income of approximately $114,000 within one mile. Offered at 2,995,000, the investment features an initial 6.15 percent cap rate backed by Dollar General’s investment‑grade BBB credit rating and more than 20,000 locations nationwide.
- Brand new construction, Dollar General Market delivering in May | 15-year absolute net lease with 5% increases every five years.
- Excellent corner location with traffic counts of 17,600 vehicles per day | Nearly 17,000 residents within five miles of the site and an average HH income of $114,000 within a mile of the site
- East Palatka benefits from Palatka’s broader economy, which historically has been tied to timber, citrus, services, tourism, and outdoor recreation.
- Florida is one of seven states with no state income tax.
- As of March 2025, Dollar General has 20,454 stores across 48 states.
- In 2024, Dollar General reported net sales of $40.6 billion, marking a 5.0% increase from the previous fiscal year.
- Dollar General continues its expansion strategy, aiming to open 590 new stores and remodel approximately 4,250 existing locations in fiscal 2025.
- Dollar General has been in business for 86 years | Dollar General ranks 111 on the Fortune 500 list for 2024
- Dollar General has also received recognition from other publications, including Newsweek’s America’s Most Admired Workplaces (2025), Fortune Magazine’s World’s Most Admired Companies List (2023, 2022, 2020), and the National Retail Federation’s Top 100 Retailers List (2024, 2023).
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