New Construction DG Market, Florida 15072 SR 51 12,480 SF Retail Building Live Oak, FL 32060 $2,441,420 ($195.63/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar General Market location with convenient access for local residents
- Providing much-needed groceries and essentials to this under served trade area and food deser
- Residential customers in all directions with no nearby retail or grocer, great customer base
- Full Access from both roads provides easy access and enhances convenience for customers
- Located in Suwannee County, a scenic outdoor destination and close to popular springs, parks & the Suwannee River
- Hard Corner Site, Oversized Property, Conveniently located on FL SR 51 (4,900 AADT) & CR 252 (1,100 AADT)
EXECUTIVE SUMMARY
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New DG Market Location—15 Year lease term began January 2024. Ideal market location for a DG Market prototype to serve a large community with no nearby grocery options.
This Dollar General Market store is located 12 miles southwest of Live Oak, FL, in Suwannee County. The site, positioned at the intersection of FL Hwy 41 (4,900 AADT) and County Road 252 (1,100 AADT), provides excellent visibility and accessibility for local residents, who currently travel over 11 miles to reach the nearest grocery store. The trade area is largely scattered residential homes in all directions in need of retail and groceries, and is classified as a food desert, making this DG Market location an ideal addition to the community. The Suwannee River and nearby state parks, just 5 miles west, attract outdoor enthusiasts, further driving traffic to the area. This Dollar General Market will be the closest store in the area, filling a gap for local residents and travelers alike. With two full-access driveways and prominent signage, the store will offer convenient shopping options for the surrounding community.
Live Oak, positioned in the heart of North Florida, offers an ideal blend of home-town charm and strategic connectivity. Located just over an hour from three key cities-Gainesville to the southeast, Tallahassee to the west, and Jacksonville to the east-Live Oak benefits from proximity to major educational, medical, and government hubs. Gainesville is home to the Univerity of Florida and advanced healthcare facilities, Tallahassee serves as the state capital with booming government and business sectors, and Jacksonville offers one of the nation’s largest ports, enhancing trade and transportation opportunities. This prime location makes Live Oak a desirable community for residents and businesses seeking access to urban amenities while enjoying a more relaxed lifestyle.
New DG Market Location—15 Year lease term began January 2024. Ideal market location for a DG Market prototype to serve a large community with no nearby grocery options.
This Dollar General Market store is located 12 miles southwest of Live Oak, FL, in Suwannee County. The site, positioned at the intersection of FL Hwy 41 (4,900 AADT) and County Road 252 (1,100 AADT), provides excellent visibility and accessibility for local residents, who currently travel over 11 miles to reach the nearest grocery store. The trade area is largely scattered residential homes in all directions in need of retail and groceries, and is classified as a food desert, making this DG Market location an ideal addition to the community. The Suwannee River and nearby state parks, just 5 miles west, attract outdoor enthusiasts, further driving traffic to the area. This Dollar General Market will be the closest store in the area, filling a gap for local residents and travelers alike. With two full-access driveways and prominent signage, the store will offer convenient shopping options for the surrounding community.
Live Oak, positioned in the heart of North Florida, offers an ideal blend of home-town charm and strategic connectivity. Located just over an hour from three key cities-Gainesville to the southeast, Tallahassee to the west, and Jacksonville to the east-Live Oak benefits from proximity to major educational, medical, and government hubs. Gainesville is home to the Univerity of Florida and advanced healthcare facilities, Tallahassee serves as the state capital with booming government and business sectors, and Jacksonville offers one of the nation’s largest ports, enhancing trade and transportation opportunities. This prime location makes Live Oak a desirable community for residents and businesses seeking access to urban amenities while enjoying a more relaxed lifestyle.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,480 SF
Building Class
B
Year Built
2023
Price
$2,441,420
Price Per SF
$195.63
Cap Rate
6.50%
NOI
$158,692
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.21 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
