Listed by Marcus & Millichap - Indianapolis
$1,150,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 7,500
Net Rentable (SqFt) 7,500
Cap Rate 7.50%
NOI $86,160
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options 5x5 Years
Class B
Year Built 2018
Acreage 1.510
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/2018
Ground Lease No
Retail | 7.50% CAP | 7,500 SqFt
Investment highlights
- Less than 1 Hour from Atlantic Coastline | Growing Coastal Corridor
- The property benefits from regional tourism, port activity, and interstate travel throughout Southeast Georgia and Northeast Florida.
- Hortense benefits from close proximity to Georgia's Atlantic coastline and the broader Coastal Georgia region, which includes popular destinations within the Golden Isles such as Brunswick, St. Simons Island, Jekyll Island, and Cumberland Island.
- Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increases
- The property operates under an absolute triple-net with zero landlord responsibilities-Tenant responsible for roof & structure.
- 7+ years remaining on base lease term with renewal option periods remaining.
- The lease features 10% rental increases in each of the five, five-year renewal option periods.
- No Immediate Competition | Only General Store in the Area | Hwy Intersection Location
- This is the only general merchandise/every day needs store in the immediate area and within a 5-mile radius.
- The property benefits from being located at the intersection of two main highways in Hortense; Georgia Hwy 31 and US-301.
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$86,160.00
$7,180.00/mo
Valuation Metrics
0
DSCR
7.49%
Cap Rate
7.49%
ROI
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