Listed by Marcus & Millichap - San Diego
$2,977,000
Dollar General
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.05%
NOI $180,080
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Year Built 2026
Acreage 2.720
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Near 149-Acre Sports Complex | 15-Yr. NNN | 5% Increases Every 5 Years
Investment highlights
- New 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant (S&P: BBB), Ranked #112 on Fortune 500 in 2025
- Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
- Brand New Upgraded Construction on Oversized Parcel, Partial Block Storefront
- Serving Over 44,000 Residents in Growing Trade Area
- Average Household Income Exceeds $73,000 in 3 Miles and $75,000 in 5 Miles
- ½ Mile to New Residential Development with 330+ Homes
- Less Than 1 Mile to 149-Acre Southside Youth Sports Complex with 75,000+ Visitors Annually
- 1.5 Miles to Columbia High School (1,727 Students) and Minutes to Florida Gateway College (2,837 Students)
- Surrounded by Several K-8 Schools with 6,000+ Students
- Just South of Lake City VA Medical Center with 1,000+ Employees
- 3 Miles to HCA Lake City Regional Hospital, Undergoing $100+ Million Expansion
- Highly Visible to 19,000 Cars/Day Along Major Artery
- Strong Regional Access, Positioned Near the Intersection of I-10 and I-75
- Close Proximity to Osceola National Forest with 100,000 Visitors Annually and Florida Gateway Fairgrounds Attracting Thousands of Visitors
- Tax Free State, No State Income Tax in Florida
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$180,080.00
$15,006.67/mo
Valuation Metrics
0
DSCR
6.05%
Cap Rate
6.05%
ROI
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