3901 Charlie Smith Sr Hwy Local commercial 845 m² 100 % Loué À vendre Saint Marys, GA 31558 1 302 031 € (1 540,10 €/m²) Taux de capitalisation 7,14 %

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in St Mary's, Georgia. Naval Submarine Base Kings Bay, located across the street, serves as a critical hub for the U.S. Navy's Atlantic Fleet submarines. The base employs approximately 9,000 personnel, including active-duty military members, civilian employees, and contractors. It plays a vital role in supporting submarine operations and training in the region. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store is currently open with rent having commenced in March 2020.
This Dollar General is highly visible as it is strategically positioned on the corner of Charlie Smith Hwy and Winding rd, which sees 12,015 cars per day. The ten mile population from the site is 53,233 while the three-mile average household income is $82,545 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the 1-mile population growth rate at 1.8%. 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 ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 7.14% cap rate based on NOI of $107,004.