Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

PROPERTY ADDRESS

426 N Broad St, Bainbridge, GA 39817

PROPERTY INFORMATION

Price:
$1,989,750
Cap Rate:
6.40%
Term Remaining:
15 years Years
Year Built:
2018
Status:
Available

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Lease
  • Relocation Store Proven Success
  • Larger PLUS Prototype
  • Upgraded Brick Construction
  • 15 Year Term | Four (5 Year) Options
  • One Mile Household Income $24,080
  • Five Mile Population Exceeds 17,500
  • Brand New Built to Suit Construction

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 10,640 SF Dollar General PLUS store located in Bainbridge, GA. The property is encumbered with a Fifteen (15) Year Absolute
NNN Lease, leaving zero landlord responsibilities. The store is a relocation store, proving the success of the market. The lease contains Four (5) Yr. 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 classified as
Investment Grade. The rent is scheduled to commence on 3/30/2018.

This Dollar General will be highly visible as it is strategically positioned in Bainbridge, GA. The five mile population from the site exceeds 17,500, while the one mile median household income exceeds $24,000 per year, making this location perfect for a Dollar General. 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 6.40% cap rate based on NOI of $127,344.