Dollar General – Cairo, GA
Fortis Net Lease is pleased to present this brand new 10,640 SF. upgraded Dollar General PLUS store located in Cairo, Georgia. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 10% rent increases at each of the 5 (5 Year) Options to renew. 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 under construction with store opening & rent commencement on track for September 2023.
This Dollar General is highly visible as it is strategically positioned on Calvary Road SW which sees 6,335 cars per day, next to a large residential area. The 10 mile population from the site is 23,749 while the 3 mile average household income is $54,045 per year, making this location ideal for a Dollar General. This area is seeing above average growth with the 3 mile population growth rate at 4.73%. The Subject offering represents an ideal opportunity for a 1031 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 6.15% cap rate based on the NOI of$113,124.
• New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Opening in September 2023
• 5 (5 Year) Options | 10% Increases At Each Option
• Upgraded Architecture | 2023 BTS Plus Size Construction
• Three Mile Household Income $54,045
• Ten Mile Population 23,749 | Expected 4.45% Growth
• Three Mile Population Growth Rate 4.73%
• 6,335 Cars Per Day on Calvary Road SW
• Investment Grade Dollar Store With “BBB” Credit Rating
• On Main Thoroughfare Into Downtown Cairo
• Surrounded by Residential
Instate Broker of Record: Brian Brockman | Bang Realty