For Sale
$1,855,000

7095 Lakes BlvdLake Park, GA 31636

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,640 square foot Dollar General store in Lake Park, Georgia. Built in 2023, the property boasts a 14-year remaining lease term (15-year initial term) with a corporate guarantee from Dollar General, a Fortune 500 company with an S&P investment-grade credit rating. The lease is a triple-net (NNN) structure, meaning the tenant is responsible for all operating expenses, including taxes, insurance, and maintenance. Situated on a 1.8-acre lot at 7095 Lakes Blvd, this location benefits from high visibility, being directly off Interstate 75 (52,600 vehicles per day) and Highway 376 (11,400 vehicles per day). The property is strategically positioned within Lake Park's main retail area, alongside national brands such as Chick-fil-A and Winn-Dixie. Further enhancing its appeal, the property is only four miles from a large Home Depot distribution center employing over 600 people. The property is part of the Valdosta MSA, a growing region with significant economic drivers including Moody Air Force Base, Valdosta State University, and a robust industrial sector. The property offers a 6.75% cap rate with a strong NOI of $125,196 and includes 10% rent increases every five years during the option periods. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and significant upside potential. The asking price is $1,855,000.

Highlights

  • 10,640 SF Dollar General, built and opened August 2023, in South Georgia.
  • Highway 376 (11,400 VPD) location, directly off Interstate 75 (52,600 VPD), in Lake Park's main retail area near Chick-fil-A, Winn-Dixie, and other national retailers.
  • Four miles from a 657,000 SF Home Depot Distribution Center (600+ employees).
  • Located 10 miles south of Valdosta, in the Valdosta MSA, a major regional center with strong job growth projections.
  • 14-year remaining corporate NNN lease with Dollar General, including 10% rent increases every five years.
  • Investment-grade tenant (S&P BBB rating), with over 20,000 locations nationwide.

Property Details for 7095 Lakes Blvd

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2023
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Lake Park
County
Lowndes
State
Georgia
Latitude
30.6798104
Longitude
-83.229127
7095 Lakes Blvd, Lake Park, Georgia

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7095 Lakes Blvd
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