Dollar General Plus 11236 GA-169 Local commercial 988 m² À vendre Glennville, GA 30427 2 123 164 € (2 147,89 €/m²) Taux de capitalisation 6,50 %

Fortis Net Lease is pleased to present this 10,640 SF. Dollar General Plus store located in Glennville, Georgia. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases ever 5 years including at each of the 5 (5 year) options to renew. 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 under construction with rent and opening on track for a August 2025.
This Dollar General is highly visible as it is strategically positioned on the hard signalized corner of GA-23 and Highway 169 which sees 5,529 cars per day. The ten mile population from the site is 13,817 and the three mile average household income is $73,349 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 10 mile population growth rate at 8.17%! 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 6.50% cap rate based on NOI of $160,524.