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32951523
32951541

11510 Luthersville Rd, Gay, GA 30218

SL
TX 790608
Matthews
AJ
TX 845338
Matthews
Listed by Matthews
$1,115,234
9 days on market
Updated 9 days ago

ABS NNN Dollar General | Upgraded Construction | Georgia

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 7,260
Cap Rate 7.05%
NOI $78,624
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2019
Acreage 2.000
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 02/14/2019
Ground Lease No
Ownership Fee Simple

7.75 Years Remaining | 10.25% population growth

Marketing description

This property is a 2019 upgraded build-to-suit construction for Dollar General with an Absolute NNN lease structure that carries zero management responsibility. The lease is corporately guaranteed by Dollar General Corporation, which has an investment-grade credit rating of BBB (S&P). Dollar General remodeled this location in 2026, demonstrating their long-term commitment to the site.

The subject property is strategically positioned just one hour south of Atlanta, the sixth-largest metro area in the U.S., and approximately 40 miles from Hartsfield-Jackson Atlanta International Airport. The trade area benefits from an extremely strong average household income of $82,281 annually within a 5-mile radius, which represents the sweet-spot for a discount retailer. The market is also experiencing estimated population growth of 10.25% over the next 5 years, with limited competition as the nearest dollar store is over 9 miles away.

Investment highlights

Lease and Location

  • 2019 UPGRADED build-to-suit construction for Dollar General
  • Absolute NNN lease with zero management responsibility
  • Corporately guaranteed lease from Dollar General Corporation
  • Dollar General remodeled this location in 2026 proving long term commitment to the site
  • Extremely strong average household income of $82,281 annually (5 Mile)
  • Estimate population growth of 10.25% over the next 5 years
  • Average household income of $82,281 annually (sweet-spot for a discount retailer)
  • Subject property is positioned just one hour south of Atlanta, the sixth-largest metro area in the U.S., and approximately 40 miles from Hartsfield-Jackson Atlanta International Airport
  • Limited competition - the nearest dollar store is over 9 miles away

Tenant

  • Dollar General operates ±20,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General was considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
  • Dollar General has a market cap of ± 25 billion

Listing Contacts

SL
TX 790608
Matthews
AJ
TX 845338
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,624.00
$6,552.00/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

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Additional Information

Name
Patrick Graham
License
528005
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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