DG – Waverly, GA
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Waverly, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five (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 3/16/2017.
This Dollar General is highly visible and is strategically positioned in Waverly, GA. The Ten mile population from the site exceeds 12,600 while the Three mile median household income exceeds $47,000 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 $94,368. Georgia broker of record, Steve Miller, Miller Realty Services, Inc.
Brand New Absolute NNN Lease
15 Year Term | Five (5 Year) Options
Three Mile Income Exceeds $47,000
Ten Mile Population Exceeds 12,600
Corporate Guarantee “BBB”
Located on Signalized Intersection
Site Benefits From 2,795 Cars Per Day