Lakeland Dollar General For
For Sale
Contact for pricing
4250 Old Kathleen Rd, Lakeland, FL 33810
NN leased Dollar General with over 4 years remaining.
Property Size8,125 SF
Price / SF$140.16
Days on Market149
Property Features for 4250 Old Kathleen Rd
General Information
Standard status
Active
Size
8,125 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$79,716
Building Details
Year Built
2004
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
(817) 584-2000
Listed By:
Chance Hales · License #597585
Source:
Crexi
Added: Mar 27
Changed: Aug 17
Last Checked: Aug 21 at 7:20AM
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 Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
The property is a Dollar General located in Lakeland, FL. It is an NN lease with over 4 years remaining on the current term. The property is situated in a dense residential area and is near several national retailers, including Target and Walgreens. The property size is 8125 square feet.
Key Highlights
- NN Lease Structure
- Located in a dense residential area
- Proximity to national retailers like Target and Walgreens
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,824,860
$1.8M
Cap Rate 7%
$1,303,471
$1.3M
Cap Rate 9%
$1,013,811
$1.0M
Market Conditions
NOI Build-Up for 8,125 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.4K $17.40/SF
− Vacancy
−$11.0K −$1.36/SF
EGI
$130.3K $16.04/SF
− OpEx
−$39.1K −$4.81/SF
NOI
$91.2K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,824,860
Cap Rate 7%
$1,303,471
Cap Rate 9%
$1,013,811
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,636 @ 7.0% cap · market cap 9.28%
Second Best
Retail
$1.30M
$1.14M – $1.52M
NOI $91,243 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,676 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
7,711 visits/mo
0.3 miles
Dollar General
Shops & Services
7,175 visits/mo
0.1 miles
Shell
Shops & Services
3,939 visits/mo
0.2 miles
AutoZone
Shops & Services
3,408 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
3,201 visits/mo
0.2 miles
Demographics for 33810, FL
52,037
Population
21,836
Households
2.4
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
64.6 sq mi
ZIP Area
806
Density / Sq Mi
$69,738
Median Household Income
$38,416
Median Earnings
$1,407
Median Rent
$245,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Harvest Meat Market — 4441 Kathleen Rd, Lakeland, FL 33810
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NN leased Dollar General with over 4 years remaining.
Where is this grocery and convenience store located?
The property is located at 4250 Old Kathleen Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $1,138,800.
What are key features of this property?
This property features: NN Lease Structure; Located in a dense residential area; Proximity to national retailers like Target and Walgreens
