Dollar General – Kingsland, GA

$2,433,600
Price
$109,512
Noi
4.50%
Cap Rate
10,640
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General PLUS store located in Kingsland, Georgia. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 Year) 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 currently under construction with store opening & rent on track to commence in June 2022.

This Dollar General is highly visible as it is strategically positioned immediately adjacent to a new O’Reilly Auto Parts on East King Avenue which sees 18,179 cars per day, near the I-95 exit/entrance ramp which sees 70,374 cars per day. The five mile population from the site is 23,452 and growing, while the one mile average household income is$58,802 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the three mile population growth rate is 5.52%. 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 4.50% cap rate based on NOI of $86,688.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• BTS 2022 Plus Size Construction | On Main Thoroughfare
• 4 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $58,802
• Five Mile Population 23,452 | Expected Growth 5.76%
• Three Mile Population Growth Rate 5.52%
• 18,179 Cars Per Day on E King Avenue
• 70,374 Cars Per Day on I-95
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• Adjacent to a Brand New O’Reilly Auto Parts Store in Downtown Kingsland

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM