Dollar General | Interstate Location 52,600 | 7095 Lakes Blvd
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Dollar General | Interstate Location 52,600 7095 Lakes Blvd
10,640 SF Retail Building Lake Park, GA 31636 $2,664,615 CAD ($250 CAD/SF) 6.75% Cap Rate
Executive Summary
2023 UPGRADED CONSTRUCTION GEORGIA DOLLAR GENERAL
• 10,640 SF upgraded construction Dollar General located in south GA near Tallahassee, Jacksonville, and Brunswick.
• This Dollar General was built and rent commenced in August 2023.
INTERSTATE LOCATION (52,600 VPD) POSITIONED IN THE MAIN RETAIL POCKET OF LAKE PARK
• The subject property is located on Highway 376 (11,400 VPD), directly off Interstate 75 (52,600 VPD).
• The Dollar General is positioned in the main retail pocket of Lake Park with national retailers including Chick-fil-A, Winn- Dixie, Mill Store Plaza, and the Lake Park Outlets.
• There are also four hotels located adjacent to this Dollar General
NEAR A 657,000 SF HOME DEPOT DISTRIBUTION CENTER (600 EMPLOYEES)
• A 657,000 SF Home Depot Distribution Center is located 4 miles from this Dollar General and employs over 600 employees.
VALDOSTA MSA | “NAVAL STORES CAPITAL OF THE WORLD
• This Dollar General is located 10 miles south of downtown Valdosta and is a part of the MSA.
• Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor.
• Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine.
• Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family.
• Valdosta State University is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students.
• Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years.
• The Valdosta Regional Airport supports over 73,500 aircraft operations per year.
14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on a 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT WITH OVER 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
• 10,640 SF upgraded construction Dollar General located in south GA near Tallahassee, Jacksonville, and Brunswick.
• This Dollar General was built and rent commenced in August 2023.
INTERSTATE LOCATION (52,600 VPD) POSITIONED IN THE MAIN RETAIL POCKET OF LAKE PARK
• The subject property is located on Highway 376 (11,400 VPD), directly off Interstate 75 (52,600 VPD).
• The Dollar General is positioned in the main retail pocket of Lake Park with national retailers including Chick-fil-A, Winn- Dixie, Mill Store Plaza, and the Lake Park Outlets.
• There are also four hotels located adjacent to this Dollar General
NEAR A 657,000 SF HOME DEPOT DISTRIBUTION CENTER (600 EMPLOYEES)
• A 657,000 SF Home Depot Distribution Center is located 4 miles from this Dollar General and employs over 600 employees.
VALDOSTA MSA | “NAVAL STORES CAPITAL OF THE WORLD
• This Dollar General is located 10 miles south of downtown Valdosta and is a part of the MSA.
• Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor.
• Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine.
• Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family.
• Valdosta State University is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students.
• Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years.
• The Valdosta Regional Airport supports over 73,500 aircraft operations per year.
14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on a 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT WITH OVER 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
B
Year Built
2023
Price
$2,664,615 CAD
Price Per SF
$250 CAD
Cap Rate
6.75%
NOI
$179,838 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.86 AC
Amenities
- Corner Lot
- Pylon Sign
- Wheelchair Accessible
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0198-006A | Improvements Assessment | $0 CAD |
| Land Assessment | $181,882 CAD | Total Assessment | $181,882 CAD |
PROPERTY TAXES
Parcel Number
0198-006A
Land Assessment
$181,882 CAD
Improvements Assessment
$0 CAD
Total Assessment
$181,882 CAD
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Dollar General | Interstate Location 52,600 | 7095 Lakes Blvd
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