Hortense Retail for Sale
Marcus & Millichap is pleased to present an opportunity to acquire a single-tenant, absolute NNN-leased Dollar General located in Hortense, Georgia. The 7,500-square-foot property, built in 2018, is situated on approximately 1.51 acres at the intersection of two main highways in Hortense; Georgia Hwy 31 and US-301. The asset is backed by a corporate-guaranteed lease with Dollar General, one of the nation’s largest discount retailers, providing stable and predictable income.
The investment features approximately 7+ years of remaining lease term, with rent commencing in September 2018 and expiring in July 2033. The lease is structured as an absolute triple-net, offering zero landlord responsibilities, including roof and structure, making it a passive ownership opportunity. Additionally, the lease includes five 5-year extension options, each with 10% rental increases, providing long-term income growth and inflation protection.
Strategically positioned as the only general merchandise store within a five-mile radius, the property benefits from limited competition and serves as a critical retail destination for the local population. The location offers strong regional connectivity, and benefits from close proximity to Georgia’s Atlantic coastline and the broader Coastal Georgia region, which includes popular destinations within the Golden Isles such as Brunswick, St. Simons Island, Jekyll Island, and Cumberland Island.
Broker of Record | John Leonard | 1100 Abernathy Road, NE Bldg. 500, Suite #600, Atlanta, GA | 678-808-2700 | License #: 252904
