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Dollar General 179 SW Marvin Burnett Rd 10,640 SF Retail Building Lake City, FL 32025 $2,977,000 ($279.79/SF) 6.05% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
- Serving Over 44,000 Residents in Growing Trade Area
- Investment Grade Credit Tenant (S&P: BBB), Ranked #112 on Fortune 500 in 2025
- Brand New Upgraded Construction on Oversized Parcel, Partial Block Storefront
- Average Household Income Exceeds $73,000 in 3 Miles and $75,000 in 5 Miles
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Price
$2,977,000
Price Per SF
$279.79
Cap Rate
6.05%
NOI
$180,080
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.72 AC
Frontage
471’ on Florida 47
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 07-4S-17-08127-005 | Improvements Assessment | $0 |
| Land Assessment | $248,074 | Total Assessment | $248,074 |
Property Taxes
Parcel Number
07-4S-17-08127-005
Land Assessment
$248,074
Improvements Assessment
$0
Total Assessment
$248,074
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