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Dollar General | 5 Location Portfolio | Attractive Non-Recourse Assumable Financing

1771 NW Lake Jeffery Rd, Lake City, FL 32055

Listing Price: $1,693,528

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.82

Investment Overview

Marcus & Millichap is pleased to present for sale a portfolio of five premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5 percent+. The properties have firm term leases remaining that average 9.2 years, with four, five-year renewal options, each featuring 10 percent rental increases, providing inflation hedge and built-in income growth.

Investment Highlights

  • One Hour West of Jacksonville, Florida | No State Income Tax Investment
  • Absolute Triple-Net Lease | Zero Landlord Responsibilities | Rental Increases
  • Main Retail Corridor Location | South of Interstate 10
  • Fortune 500 Retailer | Traveler City | Strategic Location

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Discount

Dollar General | 5 Location Portfolio | Attractive Non-Recourse Assumable Financing

Listing Price: $1,693,528

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.82

Investment Highlights

  • One Hour West of Jacksonville, Florida | No State Income Tax Investment
  • Absolute Triple-Net Lease | Zero Landlord Responsibilities | Rental Increases
  • Main Retail Corridor Location | South of Interstate 10
  • Fortune 500 Retailer | Traveler City | Strategic Location

Investment Overview

Marcus & Millichap is pleased to present for sale a portfolio of five premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5 percent+. The properties have firm term leases remaining that average 9.2 years, with four, five-year renewal options, each featuring 10 percent rental increases, providing inflation hedge and built-in income growth.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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