Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

PROPERTY ADDRESS

24298 US Highway 17, Waverly, GA 31565

PROPERTY INFORMATION

Price:
$1,348,000
Cap Rate:
7.0%
Term Remaining:
14 Years
Year Built:
2016

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Lease
  • 15 Year Term | Five (5 Year) Options
  • Three Mile Income Exceeds $47,000
  • Ten Mile Population Exceeds 12,600
  • Corporate Guarantee “BBB”
  • Located on Signalized Intersection
  • Site Benefits From 2,795 Cars Per Day

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Waverly, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN
Lease, leaving zero landlord responsibilities. The lease contains Five (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 3/16/2017.

This Dollar General is highly visible and is strategically positioned in Waverly, GA. The Ten mile population from the site exceeds 12,600 while the Three mile median
household income exceeds $47,000 per year, making this location ideal 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 7.00% cap rate based on NOI of $94,368.