Listed by CBRE - Saddle Brook
$1,517,550
Dollar General - Midway, GA
Details
APN 213D 054
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 12,480
Units 1
Cap Rate 8%
NOI $121,404
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Term 20
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options Four 5-Year
Price per SqFt $122
Year Built 2010
Acreage 1.450
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/31/2010
Ground Lease No
Ownership Fee Simple
Corporate | Recent Lease Extension | Upgraded Brick Construction
Investment highlights
- Double Net Lease with Minimal Landlord Responsibilities
- Corporate Guarantee with Investment Grade Credit Tenant
- Scheduled Rent Increases in each Option
- Recent Lease Extension Showing Tenant’s Commitment to the Site
- Upgraded Brick Construction
- Retailers Nearby Include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner, Interstate Credit Union and more
- Midway, GA is Located Approximately 30 Miles Southwest of Savannah
Listing Contacts
Listed by CBRE - Saddle Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,404.00
$10,117.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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