Listed by Marcus & Millichap - Orange County
$2,722,000
Brand New Construction | Dollar General | Lake City, FL
Details
APN 11-3S-16-02061-001
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.05%
NOI $164,660
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options Five, five-year options
Price per SqFt $256
Broker Co-Op True
Class A
Year Built 2026
Stories 1
Acreage 1.850
Zoning Commerical
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/12/2026
Occupancy Date 08/12/2026
Ground Lease No
Ownership Fee Simple
Sale Condition N/A
Retail | 6.05% CAP | 10,640 SqFt
Marketing description
Delivering August 2026 — a new-construction Dollar General in Lake City, Florida, supported by a 15-year absolute NNN lease, scheduled 5% rent increases every five years, and visibility along NW US Highway 41 at the I-75 (Exit 435) gateway to Florida.
Investment highlights
- Brand-new 2026 Dollar General construction.
- 15-year corporate-backed absolute-NNN lease with 5% increases every five years.
- Positioned at the US-41 / I-75 gateway corridor — "Gateway to Florida."
- Absolute NNN lease with no landlord responsibilities.
- Lake City is the Columbia County seat and a regional medical, retail, and logistics hub.
- I-75 (Exit 435) and I-10 (Exit 296) intersect in Lake City — major Florida crossroads.
- Top employer base includes the VA Medical Center, Lake City Medical Center, and Walmart.
- 5-mile radius captures 20,345 residents and a 2025 daytime population above 23,500.
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,660.00
$13,721.67/mo
Valuation Metrics
0
DSCR
6.05%
Cap Rate
6.05%
ROI
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