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32026310
32026316

810 Ridgeway Road, Elberton, GA 30635

LW
GA GA 360459
SWE Realty
BW
GA 305065
SWE Realty
Listed by SWE Realty
$2,505,562
71 days on market
Updated 51 days ago

Dollar General Market | New Construction

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.40%
NOI $160,356
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+2)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options 5/5 Year Options
Pro-Forma Cap Rate 6.4%
Pro-Forma NOI $160,356
Year Built 2025
Acreage 1.780
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/23/2025
Occupancy Date 06/23/2025
Ground Lease No
Ownership Fee Simple

DG Market | Absolute NNN with Rental Increases

Marketing description

Located in Northeast Georgia near the South Carolina state line, Elberton is a historic community known as the "Granite Capital of the World." Incorporated in 1803 and originally named Elbertville after Revolutionary War figure General Samuel Elbert, the city has long served as the county seat and commercial center of Elbert County. Positioned approximately 33 miles east of Athens and 110 miles east of Atlanta, Elberton offers a strong small-town identity with regional connectivity across Northeast Georgia and the western South Carolina market.

Elberton's history and economy are closely tied to its nationally recognized granite industry. The area's granite heritage dates back to the late 1800s, when the first commercial quarry and manufacturing operations helped shape the city's long-term industrial base. Today, Elberton remains one of the most important granite monument and memorial production centers in the country, giving the community a unique economic identity that has supported local employment, manufacturing, and business activity for generations.

The city's natural surroundings further enhance its appeal. Nearby Richard B. Russell State Park and Lake Richard B. Russell provide access to boating, fishing, hiking, camping, cottages, and outdoor recreation, creating a meaningful lifestyle and tourism draw for residents and visitors alike. These amenities, combined with Elberton's historic downtown, local businesses, and community-oriented character, help support the city's role as a regional service hub.

Strategically located along key regional corridors including Georgia Highway 17 and Georgia Highway 77, Elberton benefits from access to nearby Athens, Hartwell, Anderson, and the broader Northeast Georgia/South Carolina region. The city's location allows it to maintain the accessibility of a regional trade area while preserving the affordability, familiarity, and convenience of a smaller market.

Investment highlights

  • 15-YEAR ABSOLUTE NNN CORPORATE GUARANTY LEASE
  • Guaranteed by Dollar General Corporation (NYSE: DG)
  • Absolute NNN with No landlord management, with the tenant responsible for taxes, insurance and all maintenance, including roof, structure and parking lot
  • 5% Rental Increases Every Five (5) Years
  • Newly Constructed Building-4 Sides Brick
  • Dollar General Market Store
  • Strong Traffic Flow with Wide Building Profile
  • Popular Thoroughfare to Athens, GA and Near Lake Russell.
  • Dollar General's annual revenue exceeds $34.2 billion
  • Ranked #91 on the Fortune 500 List
  • Dollar General is Investment Grade Credit rated "BBB" by Standard & Poor's and "Baa2" by Moody's
  • Dollar General operates more than 19,130 locations in 48 states
  • Average household income exceeds $65K within a 3-mile radius
  • High-visibility site on a main thoroughfare
  • Upgraded ALL Brick Construction
  • Prime corner location with easy parcel accessibility
  • Significant Traffic Generators around the Site
  • Near Lake Russell and Athens, GA
  • Close Proximity to Downtown Elberton, GA

Listing Contacts

LW
GA GA 360459
SWE Realty
BW
GA 305065
SWE Realty
Listed by SWE Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,356.00
$13,363.00/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

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Additional Information

Name
Luke Waters
License
GA 360459
Brokerage Address
4151 Ashford Dunwoody Road Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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