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Dollar General

914 Lakepoint Rd, Alford, FL 32420

Listing Price: $2,298,000

Cap Rate
4.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$9.72

Investment Overview

Dollar General (NYSE: DG) is a chain of more than 17,200 discount stores in 46 states, and 143,000 employees, located primarily in the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies, health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers. One of Dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations. Fortune 500 recognized Dollar General in 1999 and in 2020 reached #112. Dollar General has grown to become one of the most profitable stores in the rural United States with revenue reaching around $33.75 billion in 2020.

Investment Highlights

  • One of a Kind Upgraded Construction | Dollar General's Newest 10,640 SF. prototype | Anticipated store opening in June 2022
  • Alford is located in the Panhandle of Florida | Florida has no State Income Tax
  • Florida is one of the fastest-growing states in the country | Adding over 211,000 residents last year

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Discount

Dollar General

Listing Price: $2,298,000

Cap Rate
4.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$9.72

Investment Highlights

  • One of a Kind Upgraded Construction | Dollar General's Newest 10,640 SF. prototype | Anticipated store opening in June 2022
  • Alford is located in the Panhandle of Florida | Florida has no State Income Tax
  • Florida is one of the fastest-growing states in the country | Adding over 211,000 residents last year

Investment Overview

Dollar General (NYSE: DG) is a chain of more than 17,200 discount stores in 46 states, and 143,000 employees, located primarily in the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies, health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers. One of Dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations. Fortune 500 recognized Dollar General in 1999 and in 2020 reached #112. Dollar General has grown to become one of the most profitable stores in the rural United States with revenue reaching around $33.75 billion in 2020.

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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