Investment Opportunity - Dollar General Lakeland
Investment-Grade Tenant: Leased to Dollar General (S&P BBB), operating successfully at this location since 2004.
Strong Returns: Offers a 7.0% cap rate with $79,716 NOI, providing stable, long-term cash flow.
Prime Location: Situated at the main intersection of Galloway Rd & Kathleen Rd, ensuring high visibility and accessibility.
Established Retail Corridor: Surrounded by national retailers such as Target, Lowe’s, Best Buy, Advance Auto Parts, and AutoZone.
Solid Demographics: Within a trade area of 114,000+ residents and median household income exceeding $63,000.
Low-Landlord Responsibilities: NN lease with roof and structure coverage, offering minimal management and steady passive income.
Location
4250 Kathleen Rd. Lakeland, FL
More Details
NOI:
Cap Rate:
Leasable Area:
Lot Size:
Year Built:
Parking:
Term:
Lease Type:
$79,716 ($9.73/sf)
7.00%
8,190 sf
60,984 sf (1.40 acres)
2004
yes
5.08 yrs remaining
NN (Roof & Structure)