Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

PROPERTY ADDRESS

SR 116 & D St., Pine Mountain Valley, GA 31823

PROPERTY INFORMATION

Price:
$1,285,894
Cap Rate:
6.65%
Term Remaining:
15 years Years
Year Built:
2018

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 15 Year Term | Four (5 Year) Options
  • Corner Location with Two Egress
  • Three Mile Household Income $57,102
  • Ten Mile Population Exceeds 14,000
  • Only Investment Grade Dollar Store

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Pine Mountain Valley, 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 anticipated to commence on
3/15/2018.

This Dollar General will be highly visible as it is strategically positioned on State Route 116, in Pine Mountain Valley, GA. The ten mile population from the site exceeds
14,000, while the three mile median household income exceeds $57,000 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 brand new 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 6.65% cap rate
based on NOI of $85,512.