Dollar General | Relocation Store
10,640 SF | Retail Building | Louisville, GA 30434 | $1,809,000 ($170/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,809,000
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $170
Listing Contacts
Don McMinn
Verified Profile
Andrew Koriwchak
Verified Profile
- Property Info
Property Overview
2023 UPGRADED RELOCATION DOLLAR GENERAL
• New 10,640 SF upgraded construction Dollar General located in Louisville, GA
• This Dollar General is a relocation and expansion of an existing store in this area which shows their commitment and confidence in the Louisville Market.
• This store is open and rent commenced in April 2023.
DIRECTLY ACROSS FROM INGLES GROCERY STORE
• This Dollar General is located at the intersection of Hwy 1 & Walnut Street with a combined 10,900 VPD.
• Ingles Markets is directly across the street from this Dollar General. Other national retailers on Hwy 1include McDonald’s, Popeyes, Circle K, Pizza Hut, and more.
• Louisville is the county seat of Jefferson County and also a former state capital of Georgia.
NEAR AUGUSTA | HOME TO THE MASTER’S GOLF TOURNAMENT
• Louisville is located 40 miles southwest of Augusta and about 130 miles southeast of Atlanta.
• With an estimated population of 580,000, Augusta is Georgia’s second-largest city and MSA.
• Augusta National Golf Club, located in Augusta, is one of the most famous golf clubs in the world. It is also home to the Master’s Tournament, which is one of the four major championships in professional golf and draws annual crowds of over 50,000.
• Home to Fort Gordon, an Army base that supports over 31,000 active Military personnel and an off-post population of 77,680.
• Augusta is undergoing a boom in cyber-based employment. Georgia alone has invested $93 million in developing the Georgia Cyber Innovation and Training Center along the river in downtown Augusta. This has created nearly 4,000 new jobs and will indirectly create an additional 16,000 more civilian jobs and have an annual economic impact of $1.1 billion on the Augusta-Richmond County economy.
14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof, and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment gradecredit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion
• New 10,640 SF upgraded construction Dollar General located in Louisville, GA
• This Dollar General is a relocation and expansion of an existing store in this area which shows their commitment and confidence in the Louisville Market.
• This store is open and rent commenced in April 2023.
DIRECTLY ACROSS FROM INGLES GROCERY STORE
• This Dollar General is located at the intersection of Hwy 1 & Walnut Street with a combined 10,900 VPD.
• Ingles Markets is directly across the street from this Dollar General. Other national retailers on Hwy 1include McDonald’s, Popeyes, Circle K, Pizza Hut, and more.
• Louisville is the county seat of Jefferson County and also a former state capital of Georgia.
NEAR AUGUSTA | HOME TO THE MASTER’S GOLF TOURNAMENT
• Louisville is located 40 miles southwest of Augusta and about 130 miles southeast of Atlanta.
• With an estimated population of 580,000, Augusta is Georgia’s second-largest city and MSA.
• Augusta National Golf Club, located in Augusta, is one of the most famous golf clubs in the world. It is also home to the Master’s Tournament, which is one of the four major championships in professional golf and draws annual crowds of over 50,000.
• Home to Fort Gordon, an Army base that supports over 31,000 active Military personnel and an off-post population of 77,680.
• Augusta is undergoing a boom in cyber-based employment. Georgia alone has invested $93 million in developing the Georgia Cyber Innovation and Training Center along the river in downtown Augusta. This has created nearly 4,000 new jobs and will indirectly create an additional 16,000 more civilian jobs and have an annual economic impact of $1.1 billion on the Augusta-Richmond County economy.
14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof, and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment gradecredit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 165,528 SF
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