DG – Sylvania, GA
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Sylvania, 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. Now open, the rent commenced on 6/6/2016.
This Dollar General is highly visible as it is strategically positioned at the intersection of U.S. 301 and Georgia Route 17, in Sylvania, GA. U.S. 301 serves as a commuter route for people traveling between Statesboror and Sylvania, and has an average daily traffic count of 5,260. The 10 mile population from the site exceeds 15,034 while the Three mile average household income exceeds $35,000 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 $77,724. Georgia broker of record, Steve Miller, Miller Realty Services, Inc.
Absolute NNN Lease (Zero Responsibilities)
15 Year Term | Four (5 Yr.) Options | 10% bumps
Household Income Within 3 Miles of $35K
Ten Mile Population exceeds 15,034
CORPORATE GUARANTEE | “BBB”