DOLLAR GENERAL

3300 N Coastal Hwy, Fleming, GA 31309
$1,294,452

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

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