7095 Lakes BlvdLake Park, GA 31636

Property Details for 7095 Lakes Blvd

Year built

2023

Lot size

1.80 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Lake Park

County

Lowndes

State

Georgia

Latitude

30.6798

Longitude

-83.2291

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