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33443979
33443980

197 Gray Road, Cairo, GA 39827

RM
GA GA 151290
Coldwell Banker Commercial Metro Brokers
Listed by Coldwell Banker Commercial Metro Brokers
$1,210,857
2 days on market
Updated 2 days ago

Dollar General- NNN - Low Rents

Details
Property Type Retail
Sub Type Storefront
Square Footage 9,002
Year Built 2016
Acreage 1.980

Retail | 9,002 SqFt

Marketing description

Cairo, Georgia offers investors the strength of a true South Georgia county-seat market, combining small-town stability with regional accessibility. Located in Grady County, approximately 30 miles north of Tallahassee and positioned between Thomasville and Bainbridge, Cairo serves as a commercial and civic hub for the surrounding rural trade area. With a population of roughly 10,000 residents, the market supports steady demand for essential retail, services, medical, food, automotive, and neighborhood-oriented commercial uses. Known as “The Hospitality City” and historically recognized as “The Syrup City,” Cairo benefits from a strong local identity, agricultural roots, and a business culture tied to community loyalty and everyday commerce. Its downtown, local restaurants, schools, parks, and community institutions create a durable quality-of-life foundation that helps support tenant retention and repeat customer traffic. For commercial real estate investors, this translates into a market where well-located properties can serve both local residents and regional visitors. From an investment standpoint, Cairo offers a compelling alternative to higher-cost metro assets: lower entry basis, practical highway access, and a pro-growth local environment. Grady County’s economic development resources emphasize available industrial acreage, existing building opportunities, a ready workforce, and transportation corridors connecting to I-75 and I-10—important fundamentals for users, developers, and investors seeking long-term value in a regional South Georgia market. Coldwell Banker Commercial- Metro Brokers is pleased to present this brand new 9,002 SF. Dollar General store located in Cairo, Georgia. The property is incombered by a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 10% rent increases at each of the 5 (5 Year) Options to renew. The lease is a corporate guarantee by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. Placer.ai estimates the annual revenue at the store about $2.4M which yields a very healthy rent to sales ration of under 4%, This Dollar General is highly visible as it is strategically positioned on N. Broad Street with about 8,000 cars per day and within 3-,iles of downtown Cairo. The 10 mile population from the site is 24,663 while the 5-mile average household income is $70,123 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.00% cap rate based on the NOI of $84,742.00

Investment highlights

  • 15-Year Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 5 (5 Year) Options | 10% Increases At Each Option
  • Five Mile Household Income $70,123
  • Ten Mile Population 24,663
  • Estimated annual store sales of $2.4M (per Placer.ai)
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Listing Contacts

RM
GA GA 151290
Coldwell Banker Commercial Metro Brokers
Listed by Coldwell Banker Commercial Metro Brokers

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Additional Information

Name
Russell Malayery
License
GA 151290
Brokerage
Coldwell Banker Commercial- Metro Brokers
Brokerage Phone
404-255-5300
Title
Associate Broker
Brokerage Address
5775 Glenridge Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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