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Views: 50 DOM: 80 Updated: 10.30.24 Posted: 09.14.24 Status: Active

Summary

Price $1,100,000
Built/Renov 2019
Tenant Dollar General
Cap Rate 7.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 07-01-2019
#Units 19,986
Price/SF $120.88
Expiration 07-31-2034
Tenant Type Dollar/Discount
NOI $83,604
R. Term 9.8
Ownership Fee Simple
Rent/SF $9.19
Increases 0.0%/0/yrs
Pop 5Mi 1,214
Lot/AC 1.10
Options 4/5yrs/10%
AHHI 5Mi $55,197

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of Hall Street and Georgia Hwy 23. The property is conveniently situated 9 miles from George L. Smith State Park and is close to key educational institutions, including Garfield Elementary School, Southeast Bulloch High School, and Southeast Bulloch Middle School. The 5-mile trade area serves a population of 1,214...

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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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Listing Broker

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