Listed by Marcus & Millichap - Atlanta
$980,000
Dollar General Anchored Retail Center
Details
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 12,014
Net Rentable (SqFt) 12,014
Units 3
Cap Rate 8.69%
NOI $85,192
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General
Lease Type NN+
Lease Term 25.1
Lease Expiration 04/30/2030
Remaining Term 3.9
Rent Bumps Yes
Price per SqFt $82
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 14.000
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 04/05/2005
Occupancy Date 04/05/2005
Retail | 8.69% CAP | 12,014 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
PROPERTY HIGHLIGHTS
• 100% LEASED RETAIL CENTER
• ANCHORED BY DOLLAR GENERAL | SIGNED EARLY LEASE EXTENSION
• PRICED WELL BELOW REPLACEMENT COST
• 20+ YEAR OPERATING HISTORY FOR DOLLAR GENERAL
• 15,600 VPD ON ROOSEVELT HIGHWAY
• 105,000+ 5-MILE POPULATION
Listing Contacts
Listed by Marcus & Millichap - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,192.00
$7,099.33/mo
Valuation Metrics
0
DSCR
8.69%
Cap Rate
8.69%
ROI
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