Listed by Marcus & Millichap - Atlanta
$1,350,000
Dollar General (Dark) | 10+ Years Remaining
Details
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 9,026
Net Rentable (SqFt) 9,026
Cap Rate 7.5%
NOI $101,231
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options 5, 5-Year Options
Price per SqFt $150
Broker Co-Op Yes
Year Built 2021
Acreage 0.990
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 04/29/2021
Occupancy Date 04/29/2021
Ownership Fee Simple
Retail | 7.50% CAP | 9,026 SqFt
Marketing description
DOLLAR GENERAL
• PUBLICLY TRADED COMPANY ON NYSE
• INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POORS
• 20,000+ LOCATIONS IN 48 STATES
• $40.6 BILLION NET SALES FY 2024
Investment highlights
INVESTMENT HIGHLIGHTS
• 10+ YEARS REMAINING ON CURRENT LEASE TERM
• LEASE GUARANTEED BY DOLLAR GENERAL CORPORATION
• TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
• NEWER 2021 CONSTRUCTION
• OVER $1,000,000 OF GUARANTEED BASE RENTAL PAYMENTS | PLUS CAM, TAXES AND INSURANCE COVERAGE
• 5,700+/- VPD ON WILSON AVENUE
• DENSELY POPULATED AREA | 75,000+ 5-MILE POPULATION
Listing Contacts
Listed by Marcus & Millichap - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,231.00
$8,435.92/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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