Listed by SVN | JJMottram
$1,032,435
Dollar General #16751 - Chatsworth, GA
Details
APN 0035 192
Property Type Retail
Sub Type Grocery Store, Street Retail
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.40%
NOI $76,400
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15
Lease Expiration 04/30/2031
Remaining Term 4.9
Rent Bumps Yes
Price per SqFt $113
Broker Co-Op True
Class A
Year Built 2016
Year Renovated 2023
Buildings 1
Stories 1
Acreage 1.320
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 04/29/2016
Ground Lease No
Retail | 7.40% CAP | 9,100 SqFt
Marketing description
Introducing A Prime Commercial Opportunity In The Heart Of Chatsworth, GA. This 9,100 SF Building, Constructed In 2016, Offers An Ideal Investment For Retail And Street Retail Investors. With A Commercial Zoning Designation, The Property Presents Endless Possibilities For Business Ventures Seeking A High-Traffic, High-Visibility Location. Currently At 100% Occupancy. This Dollar General Store Was Fully Remodeled In 2023. Key To The Remodel Was The Addition Of Fresh Produce, Dairy And Frozen Food Section. High probability for lease extension.
Investment highlights
- Investment-grade retail credit profile through a long-term corporate lease with Dolgencorp, LLC, guaranteed by Dollar General Corporation, one of the nation's leading discount retailers.
- Store Built 2016 / Fully Remodeled 2023
- 5+ years of remaining primary term with lease expiration in April 2031, offering stable in-place cash flow with near-term rollover visibility.
- Five (5) additional 5-year renewal options, providing up to 25 years of continued upside potential beyond the primary term.
- 10% rent increases at each renewal option, creating an attractive built-in inflation hedge and long-term yield growth profile.
- True NNN lease structure, delivering highly passive ownership and predictable net operating income.
- Freestanding ±9,100 SF prototype store positioned on a dedicated parcel in Chatsworth, Georgia, serving the surrounding residential and rural trade area.
Listing Contacts
Listed by SVN | JJMottram
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,400.00
$6,366.67/mo
Valuation Metrics
0
DSCR
7.4%
Cap Rate
7.4%
ROI
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