Listed by Marcus & Millichap - Atlanta
$1,591,000
Dollar General | 12+ Years | Low Rent
Details
APN 24 1 119 P
Property Type Retail
Sub Type Grocery Store
Square Footage 10,664
Net Rentable (SqFt) 10,664
Units 1
Cap Rate 7.25%
NOI $115,359
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Starbucks
Lease Type NN+
Lease Term 15
Lease Expiration 12/31/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options 5, 5-Year Options
Price per SqFt $149
Year Built 2023
Year Renovated 2023
Acreage 3.080
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/19/2023
Ground Lease No
Sale Condition 1031 exchange
Dollar General | 7.25% Cap | 12+ Years
Marketing description
DOLLAR GENERAL
• PUBLICLY TRADED COMPANY ON NYSE
• INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POOR’S
• 20,000+ LOCATIONS IN 48 STATES
• $42.7 BILLION NET SALES FISCAL YEAR 2025
Investment highlights
INVESTMENT HIGHLIGHTS
• NEWLY REMODELED SPECIFICALLY FOR DOLLAR GENERAL
• NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES
• LOW BASE RENT OF JUST $10.82 PER SF
• 15-YEAR INITIAL LEASE TERM | 12.5+/- YEARS REMAINING
• 10% RENTAL INCREASE EACH RENEWAL OPTION
• EXISTING BUILDING EXPANDED BY 3,800+/- SF TO ACCOMMODATE TENANT
Listing Contacts
Listed by Marcus & Millichap - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,359.00
$9,613.25/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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