Cap Rate
7.75%
Price Per SF
$142
Gross SQFT
9,026
Year Built
2019
Term Remaining
±9.65 YRS
NOI
$97,083
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
10401386411 (NY)
Direct
+1 (646) 216-8570
Mobile
+1 (732) 832-5414
INVESTMENT HIGHLIGHTS
- List price of $1,294,452 yielding a 7.75% cap rate
- Over 8.75 years remaining on the primary term including Five, 5-Year options with 10% rental increases at the start of each option period
- 2019 built-to-suit construction for Dollar General
- The property is 1.86 acres including a concrete parking lot with 28 spaces.
- Absolute NNN lease with no management responsibilities, making this a perfect investment for passive investors
- Corporate guaranty from Dollar General Corporation, a fortune 500, investment grade (S&P: BBB) tenant. Dollar General has over 21,000 locations nationwide and is one of the nation’s leading retailers
- Fleming, GA, is located approximately 29 miles southwest of Savannah, GA, and is part of the Hinesville-Fort Stewart metropolitan statistical area.
- The property is located on a corner off Coastal Highway, one of the main arteries connecting Savannah to Midway, and is exposed to over 14,000 Vehicles Per Day (VPD).
- There are over 44,000 residents living within a 10-mile radius with an average household income exceeding $95,000
Broker of Record
- Bill Pedersen
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203