Dollar General Grocery
For Sale
Contact for pricing
Pending
1771 NW Lake Jeffery Rd, Lake City, FL 32055
Five stores support long-term occupancy under absolute NNN leases with Dollar General Corporation.
Property Size9,100 SF
Days on Market517
Property Features for 1771 NW Lake Jeffery Rd
General Information
Standard status
Pending
Size
9,100 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$515,247
Additional Details
Asking Price
$7,900,000
Building Details
Year Built
2019
Buildings
5
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5316
Listed By:
Jordan Klink · License #IN RB14043752
Source:
Crexi
Added: Apr 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This offering comprises five Dollar General grocery and convenience stores across Florida, South Carolina, and Indiana. The portfolio contains 9,100 square feet of property size and includes a store built in 2019 at 1771 NW Lake Jeffery Rd in Lake City, Florida.
The leases are structured on an absolute NNN basis, with an average of 9.2 years remaining and four five-year renewal options. Each option includes a 10% rental increase. Dollar General Corporation is identified as the tenant, with an S&P BBB investment-grade credit rating. The portfolio carries a blended cap rate of over 6.5%+.
The leases are structured on an absolute NNN basis, with an average of 9.2 years remaining and four five-year renewal options. Each option includes a 10% rental increase. Dollar General Corporation is identified as the tenant, with an S&P BBB investment-grade credit rating. The portfolio carries a blended cap rate of over 6.5%+.
Key Highlights
- Five Dollar General stores across Florida, South Carolina, and Indiana
- 9,100 square feet of property size
- 2019 construction at 1771 NW Lake Jeffery Rd, Lake City, FL 32055
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,016 visits/mo
0.3 miles
Demographics for 32055, FL
16,624
Population
7,498
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
184.4 sq mi
ZIP Area
90
Density / Sq Mi
$57,328
Median Household Income
$30,840
Median Earnings
$873
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Five stores support long-term occupancy under absolute NNN leases with Dollar General Corporation.
Where is this grocery and convenience store located?
The property is located at 1771 NW Lake Jeffery Rd Lake City, FL.
What are key features of this property?
This property features: Five Dollar General stores across Florida, South Carolina, and Indiana; 9,100 square feet of property size; 2019 construction at 1771 NW Lake Jeffery Rd, Lake City, FL 32055
