24298 US HIGHWAY 17 Waverly GA 31565-1904

Fortis Net Lease is pleased to present this 9,100 SF. recently Upfitted Dollar General store located in Waverly, Georgia. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced in March 2017.

This Dollar General is highly visible as it is strategically positioned on the corner of Horsestamp Church Road (GA-110) and US Highway 17 which sees 2,320 cars per day. The ten mile population from the site is 13,929 while the three mile average household income is $80,457 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the 1 mile population growth rate at 6.45%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.26% cap rate based on NOI of $94,368.00.

Absolute NNN 15 Year Lease | Zero Landlord Responsibilities

Hard Signalized Corner Location

Upfitted Location | Commitment to Location from Tenant

6 Years 7 Months Remaining on Primary Term

Five (5 Year) Options | 10% Rental Increase At Each Option Three Mile Household Income $80,457

Ten Mile Population 13,929 With Expected 3.85% Growth

2,320 Cars Per Day on US Highway 17

Investment Grade Dollar Store with "BBB" Credit Rating

DG Reported 31 Consecutive Quarter of Same Store Sales Growth No Competition in Over 9 Miles

On a Main Thoroughfare

Only Dollar Store Serving the Community!

This Dollar General is highly visible as it is strategically positioned on the corner of Horsestamp Church Road (GA-110) and US Highway 17 which sees 2,300 cars per day. The ten mile population from the site is 13,262 while the three mile average household income is $87,435 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.90% cap rate based on NOI of $94,368.00.

• Absolute NNN 15 Year Lease | Zero Landlord Responsibilities
• Hard Signalized Corner Location
• Five (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $87,435
• Ten Mile Population 13,262 With Expected 3.59% Growth
• 2,300 Cars Per Day on US Highway 17
• Investment Grade Dollar Store with "BBB" Credit Rating
• DG Reported 31 Consecutive Quarter of Same Store Sales Growth
• No Competition in Over 9 Miles