Discount
Dollar General | Near 149-Acre Sports Complex | 15-Yr. NNN
179 SW Marvin Burnett Rd, Lake City, FL 32025
Listing Price: $2,977,000
Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$16.92
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Lake City, FL.
Dollar General | Near 149-Acre Sports Complex | 15-Yr. NNN
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
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
Discount
Dollar General | Near 149-Acre Sports Complex | 15-Yr. NNN
Listing Price: $2,977,000
Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$16.92
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
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Lake City, FL.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
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