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31087164
31087165

1816 Dean Ave, Rome, GA 30161

BP
CA 02106051
Matthews
JK
NY 10401396860
Listed by Matthews
$1,139,000
79 days on market
Updated 78 days ago
Opportunity zone

Dollar General

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,500
Cap Rate 7%
NOI $79,715
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Expiration 05/31/2029
Remaining Term 3
Price per SqFt $134
Year Built 1984
Buildings 1
Stories 1
Acreage 0.440
Zoning C-C

NN+ Dollar General in Rome, GA – Passive Ownership, Below-Market Rent, 7% Cap

Investment highlights

  • Single-Tenant Dollar General: National, credit-backed discount retailer with a long operating history and demonstrated long-term commitment to this location. (25+ Years)

  • Highway-Oriented Retail Location: Situated directly off U.S. Highway 441 with full and convenient access, the property benefits from ±15,500 vehicles per day (VPD). The site offers strong visibility, easy ingress/egress, and direct exposure along a primary commercial corridor supporting long-term tenant performance.

  • Below-Market Rent Upside: The tenant is currently paying below-market rent, providing ownership with meaningful upside through future rent renegotiation, lease extension, or re-tenanting. This favorable rent basis reduces tenant relocation risk while enhancing long-term income growth potential.

  • Lease Structure & Remaining Term: Lease is currently in the first five-year option period. Current Lease Expiration: May 31, 2029. One (1) remaining five-year renewal option, extending through May 31, 2034.

  • Attractive Passive Ownership Profile: NN+ lease with tenant reimbursement structure. Tenant reimburses landlord for real estate taxes, insurance, and parking lot maintenance in accordance with the lease and all lease modification agreements. Tenant responsible for utilities and HVAC maintenance, repair, and replacement. Landlord responsibilities limited primarily to roof, structure, and foundation.

  • Recession-Resistant Retail: Dollar General’s value-oriented retail model benefits from consistent consumer demand, positioning the asset as a durable income source across economic cycles.

  • Redevelopment & Long-Term Optionality: The property’s highway frontage, traffic exposure, and established retail corridor location provide potential future redevelopment or repositioning optionality upon lease expiration, offering downside protection and exit flexibility.

Listing Contacts

BP
CA 02106051
Matthews
JK
NY 10401396860
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,715.00
$6,642.92/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Maxx Bauman
License
80041, 451849 (GA)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
(866) 889-0550
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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