Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

PROPERTY ADDRESS

2560 Thomasville Rd., Bainbridge, GA 39819

PROPERTY INFORMATION

Price:
$1,383,454
Cap Rate:
6.50%
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
  • Two Mile Household Income $36,554
  • Five Mile Population Exceeds 15,500
  • Brand New Built to Suit Construction

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Bainbridge, 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 4/23/2018.

This Dollar General will be highly visible as it is strategically positioned in Bainbridge, GA. The five mile population from the site exceeds 15,500, while the two mile median household income exceeds $36,500 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 6.60% cap rate based on NOI of $91,308.