Listed by SWE Realty
$1,808,727
Dollar General | Gainesville, GA
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 6.6%
NOI $119,376
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 5/5 Year Options
Pro-Forma Cap Rate 6.6%
Pro-Forma NOI $119,376
Price per SqFt $199
Broker Co-Op Yes
Class A
Year Built 2025
Acreage 1 - 2
Investment Type Net Lease
Lease Commencement 01/30/2021
Occupancy Date 01/30/2021
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
$116k AHHI | Affluent Suburb of North Atlanta
Marketing description
DOLLAR GENERAL WITH LIMITED COMPETITION
•Average household income exceeds $116K within a 1-mile radius
•Strategically located amongst huge residential growth path
•High-visibility site on a main thoroughfare
•Exceptional demographics: $116K+ average household income and 30K+ population within 3 miles
•Close Proximity to Downtown Gainesville and Lake Lanier
•Limited competition expected to drive strong store sales
•Significant New Development Surrounding the Site
Listing Contacts
Listed by SWE Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,376.00
$9,948.00/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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