Dollar General – Blackshear, GA
Fortis Net Lease is pleased to present this brand new, upgraded, 10,640 SF. Dollar General PLUS store located in Blackshear, Georgia. The property offers a Fifteen (15)Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5Yr.) 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 store is on track for a rent commencement in December of 2021.
This Dollar General is highly visible as it is strategically positioned on the corner of St. Johns Church Road and State Route 121 which sees 4,739 cars per day. The ten mile population from the site is 36,560 while the three mile average household income is$62,926 per year, making this location ideal for a Dollar General. The area is also experiencing steady growth. The Subject offering represents an ideal opportunity for a1031 exchange buyer or a “passive” investor to attain the fee simple ownership of 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 5.00% cap rate based on NOI of $91,356.
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Plus Size Store | Upgraded Construction
• Corner Location | On Main Thoroughfare to Downtown Blackshear
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $62,926
• Ten Mile Population 36,560
• 4,739 Cars Per Day on St. Johns Church Road & State Route 121
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition Within 5 Miles
• Part of Waycross MSA
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.