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Views: 80 DOM: 162 Updated: 10.30.24 Posted: 06.12.24 Status: Active

Summary

Price $2,036,909
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 04-22-2024
#Units 19,986
Price/SF $191.44
Expiration 04-30-2039
Tenant Type Dollar/Discount
NOI $134,436
R. Term 14.5
Ownership Fee Simple
Rent/SF $12.63
Increases 5.0%/5/yrs
Pop 5Mi 6,077
Lot/AC 2.50
Options 5/5yrs/5%
AHHI 5Mi $50,574

Lease Highlights

  • 2024 BTS Plus size construction
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on GA Hwy 32 E, a main thoroughfare, with access to 5,789 vehicles passing by daily. The 5-mile trade area is supported by a population of 6,077 residents with an average household income of $50,574. Alma is a city in Bacon County, Georgia, and the county seat. As of the 2020 census, the city had a population of 3,433. The subject property is located...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 367 3,513 5,928
2024 Total Population : 378 3,546 5,994
2024 Employed Civilian Pop : 183 1,110 2,064
2024 Total Businesses : 10 216 321
2024 Average Household Income : $ 75,358 $ 53,628 $ 55,681
2024 Total Consumer Spending : $ 10 M $ 62 M $ 112 M
2024 Median Age : 41 38 39
2024 Total Households : 148 1,281 2,234
2024 Pop Age 25+: Bachelor's Degree : 41 123 204
2024 Average Home Value : $ 242,623 $ 159,888 $ 165,953
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Rte 32 Dedge Farm Rd 2019 5,910 0.03 mi
State Rte 32 Dedge Farm Rd 2018 5,740 0.03 mi
State Route 32 Rocking Ham Rd 2005 4,300 0.58 mi
Johnson Lake Road Flower Rd 2019 530 0.78 mi
Starling Rd Wallaby Way 2004 84 0.87 mi
Bennett Still Hwy Quail Trl 2005 1,170 1.18 mi
Bennett Still Highway State Rte 32 2019 1,350 1.19 mi
Bennett Still Highway State Hwy32 2018 1,350 1.19 mi
US 411 E 16th St 2019 7,100 1.54 mi
Bennett Still Highway Starling Rd 2019 700 1.60 mi

Listing Broker

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