Dollar General
365 Lakes Blvd, Lake Park
Lake Park, GA 31636
Highlights
- Brand New 10 Year Lease
- NN+ Lease - Minimal LL Responsibilities
- Strong Credit Tenant - Corporately Guaranteed
Description
For sale this new Dollar General property, which is a relocation store within the market. Slated to open in February 2021, this larger concept for the tenant, will serve as a more advantages location in the market, with a new 10 year lease, with five (5) five (5) year options to renew (with increases). This lease is a NN+ lease with the tenant taking care of expenses including, HVAC, property taxes, insurance, and tenant contributes $300/month for parking lot maintenance (which will increase with each renewal term).
Landlord's obligations to maintenance include exterior structure (foundations & exterior walls), roof, gutters and downspouts, the parking lot (striping and resealing), and landscape maintenance.
There is an Ice House in the parking lot that serves as additional income for the property. The tenant pays rent of $6,000/year.
Strategically located on Lakes Blvd. (10,330 AADT) approximately 1 mile from I-75, directly in front of Lakeview Garden Apartments an 80 unit affordable housing complex that is 100% occupied with a waiting list. The property boasts a large 2.2 acre lot, with ample amount of parking. The area is surrounded by lakes, hence the name Lake Park, along with other recreational activities such as the Francis Lake Golf Course and the popular Valdosta Yacht Club.
