Your email has been sent.
Dollar General 24298 US Highway 17 9,100 SF Retail Building Waverly, GA 31565 $1,813,300 CAD ($199.26 CAD/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN 15 Year Lease | Zero Landlord Responsibilities.
- 6 Years 7 Months Remaining on Primary Term Five (5 Year) Options | 10% Rental Increase At Each Option.
- 2,320 Cars Per Day on US Highway 17 Investment Grade Dollar Store with "BBB" Credit Rating.
- Upfitted Store Footprint | Commitment to Location Hard Signalized Corner Location.
- Three Mile Household Income $80,457 Ten Mile Population 13,929 With Expected 3.85% Growth.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 9,100 SF
- $14.48 CAD
- Triple Net
- Mar 2032
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 9,100 SF | $14.48 CAD | Triple Net | Mar 2032 |
PROPERTY TAXES
| Parcel Number | 073A-033 | Improvements Assessment | $526,542 CAD |
| Land Assessment | $82,583 CAD | Total Assessment | $609,125 CAD |
PROPERTY TAXES
Presented by
Dollar General | 24298 US Highway 17
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.