Tenant: Dollar General | Lake City, FL
Premises: 9,014 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 07/31/2027
Lease Type: NN
Rental Increases: 10% Rental Increase Per Option
Sands Investment Group is Pleased to Present For Sale the Dollar General NN Asset Located in Lake City, Florida. This Property Provides a Corporate Guaranteed Investment in an Income Tax-Free State. Landlord is Reimbursed By Tenant For Property Taxes and Insurance and Tenant Pays Landlord Monthly Fee For Common Area Maintenance. This Property is Located Across the Street From Columbia High School, Which is a Major High School With Approximately 2,000 Students, Providing For a Secure Investment.
In Cooperation With SIG RE Services, LLC Lic. # CQ1055229
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Dollar General Corporation (NYSE: DG) was founded in 1939 and has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money.
Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
Dollar General operated 18,130 stores in 46 states as of January 28, 2022. During the year, we completed 2,780 real estate projects, including the opening of our 17,000th store and the launch of our new pop shelf concept, while also delivering the 31st consecutive year of same-store sales growth. In addition, the Company is reiterating its plans to execute 2,900 real estate projects in fiscal year 2021, including 1,050 new store openings, 1,750 store remodels, and 100 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million.