Dollar General
Single-Tenant Offerings
Dollar General
179 SW Marvin Burnette Road
Lake City, FL
- Price:
- $2,977,000
- Cap Rate:
- 6.05%
- NOI:
- $180,080
- Rentable SQFT:
- 10,640 SF
- Year Built:
- 2026
- Lot Size:
- 2.72 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- New 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Investment Grade Credit Tenant (S&P: BBB), Ranked #112 on Fortune 500 in 2025
- Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
- Brand New Upgraded Construction on Oversized Parcel, Partial Block Storefront
- Serving Over 44,000 Residents in Growing Trade Area
- Average Household Income Exceeds $73,000 in 3 Miles and $75,000 in 5 Miles
- ½ Mile to New Residential Development with 330+ Homes
- Less Than 1 Mile to 149-Acre Southside Youth Sports Complex with 75,000+ Visitors Annually
- 1.5 Miles to Columbia High School (1,727 Students) and Minutes to Florida Gateway College (2,837 Students)
- Surrounded by Several K-8 Schools with 6,000+ Students
- Just South of Lake City VA Medical Center with 1,000+ Employees
- 3 Miles to HCA Lake City Regional Hospital, Undergoing $100+ Million Expansion
- Highly Visible to 19,000 Cars/Day Along Major Artery
- Strong Regional Access, Positioned Near the Intersection of I-10 and I-75
- Close Proximity to Osceola National Forest with 100,000 Visitors Annually and Florida Gateway Fairgrounds Attracting Thousands of Visitors
- Tax Free State, No State Income Tax in Florida
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