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Dollar General | Interstate Location (52,600 VPD)

7095 Lakes Blvd, Lake Park, GA 31636

Listing Price: $1,855,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.77

Investment Overview

2023 UPGRADED CONSTRUCTION GEORGIA DOLLAR GENERAL
• 10,640 SF upgraded construction Dollar General located in south GA near Tallahassee, Jacksonville, and Brunswick.
• This Dollar General was built and rent commenced in August 2023.

INTERSTATE LOCATION (52,600 VPD) POSITIONED IN THE MAIN RETAIL POCKET OF LAKE PARK
• The subject property is located on Highway 376 (11,400 VPD), directly off Interstate 75 (52,600 VPD).
• The Dollar General is positioned in the main retail pocket of Lake Park with national retailers including Chick-fil-A, Winn- Dixie, Mill Store Plaza, and the Lake Park Outlets.
• There are also four hotels located adjacent to this Dollar General

NEAR A 657,000 SF HOME DEPOT DISTRIBUTION CENTER (600 EMPLOYEES)
• A 657,000 SF Home Depot Distribution Center is located 4 miles from this Dollar General and employs over 600 employees.

VALDOSTA MSA | “NAVAL STORES CAPITAL OF THE WORLD
• This Dollar General is located 10 miles south of downtown Valdosta and is a part of the MSA.
• Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor.
• Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine.
• Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family.
• Valdosta State University is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students.
• Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years.
• The Valdosta Regional Airport supports over 73,500 aircraft operations per year.

14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on a 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.

INVESTMENT GRADE TENANT WITH OVER 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • 2023 Upgraded Construction Georgia Dollar General
  • Interstate Location (52,600 VPD) Positioned In The Main Retail Pocket Of Lake Park
  • Near A 657,000 SF Home Depot Distribution Center (600 Employees)

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Financing By

Discount

Dollar General | Interstate Location (52,600 VPD)

Listing Price: $1,855,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.77

Investment Highlights

  • 2023 Upgraded Construction Georgia Dollar General
  • Interstate Location (52,600 VPD) Positioned In The Main Retail Pocket Of Lake Park
  • Near A 657,000 SF Home Depot Distribution Center (600 Employees)

Investment Overview

2023 UPGRADED CONSTRUCTION GEORGIA DOLLAR GENERAL • 10,640 SF upgraded construction Dollar General located in south GA near Tallahassee, Jacksonville, and Brunswick. • This Dollar General was built and rent commenced in August 2023. INTERSTATE LOCATION (52,600 VPD) POSITIONED IN THE MAIN RETAIL POCKET OF LAKE PARK • The subject property is located on Highway 376 (11,400 VPD), directly off Interstate 75 (52,600 VPD). • The Dollar General is positioned in the main retail pocket of Lake Park with national retailers including Chick-fil-A, Winn- Dixie, Mill Store Plaza, and the Lake Park Outlets. • There are also four hotels located adjacent to this Dollar General NEAR A 657,000 SF HOME DEPOT DISTRIBUTION CENTER (600 EMPLOYEES) • A 657,000 SF Home Depot Distribution Center is located 4 miles from this Dollar General and employs over 600 employees. VALDOSTA MSA | “NAVAL STORES CAPITAL OF THE WORLD • This Dollar General is located 10 miles south of downtown Valdosta and is a part of the MSA. • Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor. • Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine. • Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family. • Valdosta State University is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students. • Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years. • The Valdosta Regional Airport supports over 73,500 aircraft operations per year. 14 YEAR CORPORATE NNN LEASE • There are 14 years remaining on a 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT WITH OVER 20,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Financing By

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