Listed by Trinity Real Estate Investment Services
$1,716,090
Dollar General Market
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Cap Rate 6.85%
NOI $117,552
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options Five (5), 5-Year, 10%
Price per SqFt $161
Year Built 2018
Acreage 1.340
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/29/2018
Ground Lease No
4% Assumable Debt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General Market in Ila, GA. This property features upgraded brick construction as a Dollar General Market relocation store under an absolute NNN lease with 7 years remaining on the current term, reflecting strong commitment to the location with its recent conversion to a “DG Market Prototype.”
Property Website: https://trinityreis.com/listing/5118-danielsville-st/
In cooperation with Brian Brockman at Bang Realty-Georgia Inc | GA #378952 | [email protected] | (513) 898-1551
Investment highlights
- Upgraded Brick Construction Dollar General Market Relocation Store
- Absolute NNN Lease With 7 Years Remaining on Current Term
- Commitment to Location - Dollar General Recently Converted This to a "DG Market Prototype"
- Attractive Assumable Debt With 4% Interest Rate on 30-Year AM with Reasonable LTV - Contact Agent
- 10,640 SF Prototype
- Limited Local Retail Competition - Closest Dollar Store Over 4 Miles Away
- Athens GA MSA - 6th Largest City in Georgia & Home to the University of Georgia (40,000+ Students Enrolled)
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,552.00
$9,796.00/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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