Listed by Matthews
$1,284,320
ABS NNN Dollar General | Upgraded Brick Facade | Georgia
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,372
Cap Rate 7.50%
NOI $96,324
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2030
Remaining Term 4
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2015
Acreage 1.730
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/12/2015
Ground Lease No
Ownership Fee Simple
Retail | 7.50% CAP | 9,372 SqFt
Investment highlights
Lease and Location
- 2015 UPGRADED brick facade build-to-suit construction for Dollar General
- Absolute NNN lease with zero management responsibility
- Corporately guaranteed lease from Dollar General Corporation
- 5-Mile population of 17,293 residents
- 10 Mile population of 67,582 residents
- Robust average household income of $107,322 annually (5 mile)
- Population growth of over 17.75% over the past 5 years (5 Mile)
- Located approximately 45 miles southeast of Atlanta, the property is positioned to benefit from continued residential growth and population migration expanding outward from the greater metro Atlanta 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
$96,324.00
$8,027.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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