Dollar General
Retail | 7.50% CAP | 9,100 SqFt
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Dollar General at Lake Lanier
The Hurd Net Lease Group with Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 2420 Holtzclaw Road in Cumming, Georgia. This investment is being offered at $1,512,523 which represents an 7.50% capitalization rate.
The subject property was built-to-suit for Dollar General in 2016 and consists of 9,100 rentable square feet.. The tenant is encumbered by an original 15-year absolute triple net lease structure which runs through August of 2031, accompanied by five, five-year renewal options. Each renewal option contains a ten percent rental increases every five years.
The triple net lease structure allows for truly passive ownership. Dollar General is responsible for the roof, structure, parking lot, HVAC, common area maintenance, property insurance and the reimbursement of property taxes.
Cumming, Georgia is in Forsyth County, just 38 miles north of Atlanta. This area has experienced robust population growth since the early 2000's and is expected to increase an additional 7 percent by 2029. Cummings is an affluent community with an average home value of over $430k and an average household income exceeding $125k.
Investment highlights
- Located In Immediate Proximity To Lake Lanier Which Attracts Over 10 Million Visitors Annually
- Absolute Net Lease Structure Allowing For Passive Ownership
- Highly Desirable Corner Lot
- Robust Growth Throughout Cumming, Georgia Over The Past Two Decades
- Affluent and Desirable Community
- Essential Retailer Serving Local Residents and Lake Lanier Visitors
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