Listed by Matthews
$1,049,120
ABS NNN Dollar General | 7.50% Cap | Georgia
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 7.50%
NOI $78,684
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/29/2032
Remaining Term 5.8
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2017
Acreage 1.290
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/20/2017
Ground Lease No
Ownership Fee Simple
Retail | 7.50% CAP | 9,100 SqFt
Investment highlights
Lease and Location
- 2017 build-to-suit construction for Dollar General
- Absolute NNN lease with zero management responsibility
- Corporately guaranteed lease from Dollar General Corporation
- Average household income of $115,497 annually demonstrating an affluent surrounding community to support the store for years to come
- Subject property is the only discount retailer serving the surrounding trade area
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
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,684.00
$6,557.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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