Listed by Matthews
$1,049,120
ABS NNN Dollar General | 7.50% Cap | Georgia
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 7.50%
NOI $78,684
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/29/2032
Remaining Term 5.6
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2017
Buildings 1
Acreage 1.290
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/20/2017
Ground Lease No
Ownership Fee Simple
Retail | 7.50% CAP | 9,100 SqFt
Marketing description
Dollar General is the fastest-growing retailer which currently boasts roughly 20,000 neighborhood general stores in 48 US states, primarily in the South, East, Midwest, and the Southwest. Roughly 79.7% of Dollar General's sales are derived from consumables (including refrigerated, shelf-stable, and perishable foods,) in addition to everyday household items such as paper towels, bath tissues, paper dinnerware, laundry, and home cleaning supplies. Dollar General offers some of America's most trusted name brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Nestlé, Kimberly-Clark, Kellogg's, General Mills, Pepsi, and many others.
Investment highlights
Lease and Location
- 2017 build-to-suit construction for Dollar General
- Absolute NNN lease with zero management responsibility
- Corporately guaranteed lease from Dollar General Corporation
- Average household income of $115,497 annually demonstrating an affluent surrounding community to support the store for years to come
- Subject property is the only discount retailer serving the surrounding trade area
Tenant
- Dollar General operates ±20,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has an investment-grade credit rating of BBB (S&P)
- Dollar General was considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
- Dollar General has a market cap of ± 25 billion
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,684.00
$6,557.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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