| Purchase Price | $2,000,000 |
|---|---|
| Annual Rental Income | $125,000 |
| Cap Rate | 6.25% |
| Lease Term | 14 Years |
| City | Tallahassee MSA |
Tallahassee, FL MSA
15-Year Absolute Net Lease
This offering highlights a long-term Dollar General net lease investment located in Tallahassee, the capital city of Florida. The property features fee simple ownership and a 15-year absolute net lease with a corporate guarantee, providing a stable and inflation-protected income stream from one of the nation’s most reliable discount retailers. Situated on a highly visible site with strong traffic counts, this asset is well-positioned to serve the growing regional market and offers investors minimal management obligations.
Location and Market Overview
Tallahassee serves as the political, educational, and healthcare hub of Florida’s Panhandle. With a metropolitan population exceeding 400,000, the city boasts a diverse economy anchored by state government, higher education institutions such as Florida State University, and a growing healthcare sector. The region continues to see population and job growth, driving demand for retail and service businesses.
The property is located near major highways including U.S. Route 319 and Capital Circle, with daily traffic counts exceeding 28,000 vehicles. Its position along a busy retail corridor surrounded by complementary tenants ensures high visibility and consistent customer traffic.
Demographics
The surrounding trade area is characterized by a solid consumer base. Within a three-mile radius, the population exceeds 70,000 with average household incomes near $63,000. Extending to five miles, the population expands to over 150,000 residents, supporting sustained retail demand. These demographics align well with Dollar General’s value-driven retail model.
Property Details
This asset includes a 9,100-square-foot freestanding Dollar General store built to the tenant’s latest prototype standards. Situated on approximately 1.25 acres, the site offers ample parking, efficient ingress and egress, and a retail layout designed to maximize customer flow and sales productivity.
Fee simple ownership grants investors full rights to the land and improvements, increasing long-term asset control and security.
Lease Structure and Tenant Guarantee
The property is leased under a 15-year absolute net lease, with Dollar General Corporation responsible for property taxes, insurance, and maintenance. This lease structure ensures minimal landlord involvement and a highly passive investment.
Dollar General’s corporate guarantee provides a strong credit backing and enhances the property’s appeal to institutional and private investors.
Surrounding Area and Trade Drivers
Tallahassee’s economy is driven by government administration, education, healthcare, and retail. The city’s expanding population and employment base create steady demand for value-based retail offerings, positioning Dollar General for continued success in this market.
The property’s proximity to residential neighborhoods, schools, and service providers generates consistent customer traffic and strong sales volume.
Investment Highlights
Buyer Profile and Financing
Ideal for 1031 exchange buyers, institutional investors, family offices, and private equity groups seeking stable, long-term net lease investments. The fee simple ownership and corporate-guaranteed lease make financing straightforward and competitive.
Conclusion
This Dollar General in Tallahassee, FL, offers a best-in-class net lease investment featuring a 15-year lease term, strong corporate credit, and a prime retail location in a growing Florida market. The asset delivers secure, inflation-protected cash flow with minimal landlord obligations, making it an excellent addition to any net lease portfolio.
Qualified investors are invited to request the full offering memorandum, lease documents, and financial information.