Gainesville, FL - Dollar General

Description:

• Dollar General has operated at this location for 8 years and has 7+ years remaining on their lease
• There are 3 (5-year) options to extend that feature a 10% increase upon execution
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 19,488 stores in 47 states as of August 2023
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Zero landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor in a state with no state income tax
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country

• The asset is fronting SW Archer Road averaging 62,500 VPD
• Next to Tower Square, a Publix-anchored shopping center that features tenants such as Chase Bank, UPS, Bank of America, and more
• 2 miles off I-75 (104,500 VPD), providing users with a direct on/off ramp access point
• The 10,416 square foot building is situated on over 2 acres of land, making this investment flexible for future development. The larger footprint allows DG to have more coolers, fresh food sections, and ability to uphold the demand
• The subject property is located 4 miles from the University of Florida. The University of Florida is a top 5 public university in the country, and top 25 out of all universities in the country
• The residential consumer bases that will benefit from the ideally located Dollar General are The Collective, The Mayfair, Park Lane, Asbury Park, Madison Cove, Longleaf, and more
• The newly built UF Health Internal Medicine building will provide another steady consumer base from which to draw
• More than 105,000 residents and 48,000 employees support the trade area
• $112,621 average household income within a 1-mile radius