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PROPERTY ADDRESS
403 Tom Watson Ave, Ideal, GA 31041
PROPERTY INFORMATION
INVESTMENT HIGHLIGHTS
- Brand New Absolute NNN Lease
- 15 Year Term | Four (5 Year) Options
- Three Mile Household Income $31,000
- Ten Mile Population Exceeds 7,000
- Brand New Built to Suit Construction
- Limited Competition
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Ideal, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN
Lease, leaving zero landlord responsibilities. 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 4/6/2018.
This Dollar General will be highly visible as it is strategically positioned in Ideal, GA.
The ten mile population from the site exceeds 7,000, while the three mile median household income exceeds $31,000 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 6.75% cap rate based on NOI of $77,088.