Dollar General – LaGrange, GA
Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General PLUS store with an upgraded façade located in LaGrange, Georgia. The property offers a brand new Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five (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 just opened with rent having commenced in May of 2022.
This Dollar General is highly visible as it is strategically positioned near the signalized intersection of S Davis Road and Hogansville Road which sees 20,055 cars per day. It is adjacent to a shell gas station and only 1 mile from LaGrange Mall (which sees 1.9 Million visitors annually). The five mile population from the site is 35,977 and growing, while the one mile average household income is $62,115 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 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 4.70% cap rate based on NOI of $113,424.
– 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
– BTS 2022 Upgraded Façade
– Now Open! | Opened in May 2022
– Only 1 Mile from LaGrange Mall | 1.9 Million Visitors/Year
– Near Signalized Corner | Adjacent to Shell Gas Station
– 5 (5 Year) Options | 10% Increases At Each Option
– One Mile Household Income $62,115
– Five Mile Population 35,977
– 20,055 Cars Per Day at S Davis Rd & Hogansville Rd
– Investment Grade Dollar Store With “BBB” Credit Rating
– DG Reported 31 Consecutive Years of Same Store Sales Growth
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.