Dollar General | Lake City, FL
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.
- Dollar General (NYSE: DG) Operates Over 18,130 Stores and Plans to Add an Additional 1,000 By 2025; DG Has a S&P Credit Rating of BBB
- High-Performing Store, in the Top 15% of All Dollar Generals in the State of Florida Per Placer.ai
- Rent Structure That is Approximately 40% Below New Builds
- Scheduled Total Cumulative Rent Increases of Over 30% Over Next 15 Years; Strong Investment to Hedge Against Inflation
- Property is Across the Street From Columbia High School, a Major High School With Approximately 2,000 Students
- Property is Strategically Located on Route 41 With Close Proximity to I-75 Exits; The Site Sees Approximately 12,345 VPD
- Strong Demographics With an Average Household Income of $64,052 Within a 5-Mile Radius
- Highly Desirable, Income Tax-Free Florida Asset
- Located One Hour West of Jacksonville, FL and 30-Miles South of Georgia/Florida Border
- Nearby Attractions Include: Alligator Lake Park and North Florida Speedway Offering Fishing, Hiking, Canoeing and Entertainment Which Brings Many People to the Area
In Cooperation With SIG RE Services, LLC Lic. # CQ1055229
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