Dollar General | Near Publix that Ranks Top 2% — Sale in Tallahassee, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Tallahassee, FL 32303
Photos
Investment Figures
- Cap rate
- 7.75%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
NEAR PUBLIX THAT RANKS IN THE TOP 2% IN FLORIDA | 1.25M CUSTOMERS ANNUALLY • This Dollar General is located on Capital Circle NW (14,200 VPD), half a mile from a Publix anchored shopping center on US Hwy 27 (20,300 VPD). • Publix ranks in the top 2% in Florida and the top 4% in the country. It supports over 1.25 million customers per year. TALLAHASSEE | CAPITAL OF FLORIDA & NO STATE INCOME TAX • Tallahassee serves as Florida’s capital city, providing a highly stable economic base anchored by state government, higher education, and healthcare employers. • Home to more than 390,000 residents in the MSA, Tallahassee benefits from a diverse employment base led by the State of Florida, Florida State University, Florida A&M University, Tallahassee Memorial HealthCare, and numerous government agencies. • With a student population exceeding 70,000, Tallahassee is a college town, home to Florida State University, Florida A&M University, and Tallahassee State College. • Around 46,350 residents and 20,176 households are located within five miles, with both population and household counts projected to continue growing through 2030. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment-grade credit rating of BBB. • The company currently operates more than 21,000 locations and plans to open 450 new stores in 2026. • Dollar General has been in business for over 80 years and has a current net worth of $18.16 billion. RECENT LEASE EXTENSION ON CORPORATE GUARANTEED LEASE • Dollar General recently exercised its first option period and increased the rent 10% in November 2025 and extended the lease until October 2030. There are approximately 4 years remaining on the lease. • There are two 5-year option periods remaining with a 10% rent increase at the beginning of each option. • The Landlord is responsible for roof, structure, and parking lot capital expenditures. • The Tenant is responsible f
Market Context
This retail in Tallahassee, FL is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Tallahassee, FL — view the full market.
Estimated Price per SF
$49.50/SF – $360.02/SF
Mid: $150.01/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Don McMinn · (678) 808-2762 · don.mcminn@marcusmillichap.com
- Ryan Nee · (954) 245-3400
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