Listed by Marcus & Millichap - Atlanta
$1,393,314
Dollar General | 7% Cap | NNN
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 10,566
Net Rentable (SqFt) 10,566
Cap Rate 7%
NOI $97,532
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Starbucks
Lease Type Absolute NNN
Lease Expiration 02/27/2038
Rent Bumps Yes
Lease Options 3, 5-Year Options
Price per SqFt $132
Year Built 2023
Lot Size (SqFt) 1.5
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/26/2023
Ground Lease No
Sale Condition 1031 exchange
Dollar General | NNN Lease | Low Rent | 7% Cap
Marketing description
DOLLAR GENERAL
• PUBLICLY TRADED COMPANY ON NYSE
• INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POORS
• 20,000+ LOCATIONS IN 48 STATES
• $42.7 BILLION NET SALES FISCAL YEAR 2025
Investment highlights
INVESTMENT HIGHLIGHTS
• NEWER 2023 CONSTRUCTION
• TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
• 10% INCREASES EACH RENEWAL OPTION
• DOLLAR GENERAL PLUS FOOTPRINT | 10,566+/- SF
• LOW RENT OF JUST $9.23 PER SF
• VERY LIMITED COMPETITION
Listing Contacts
Listed by Marcus & Millichap - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,532.00
$8,127.67/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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