Dollar General | Rent Increase in First Term
10,566 SF | Retail Building | Donalsonville, GA 39845 | $1,504,000 ($142/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,504,000
- Property Type
-
Retail
- Square Feet
- 10,566 SF
- Price / Square Foot
- $142
Listing Contacts
Don McMinn
Verified Profile
Andrew Koriwchak
Verified Profile
- Property Info
Property Overview
15 YEAR CORPORATE NNN LEASE | RENT INCREASE IN THE INITIAL TERM
• There are 14.5 years remaining on a 15 year corporate guaranteed NNN Lease with Dollar General that commenced in February 2024.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• The rent increases 10% in October 2037 are there are 10% rent increases in each of the five, 5-year option periods beginning in option 2.
DIRECTLY ACROSS FROM DONALSONVILLE HOSPITAL (140 BEDS & 300 EMPLOYEES)
• Donalsonville is located in the Southwest corner of GA. Nearby cities include Columbus, Dothan, AL & Tallahassee, FL.
• National Retail in Donalsonville includes Piggly Wiggly, Ace Hardware, Walgreens, and more.
• This Dollar General is directly across the street from Donalsonville Hospital, a 140 bed hospital with over 300 employees.
• In 2021, American Peanut Group invested $85 million into a new 45 Acre processing facility in Donalsonville. The facility has brought over 90 jobs and the company plans to expand the facility an additional 135,000 SF.
NEAR DOTHAN, AL
• The subject property is 30 minutes east of Dothan, AL off Hwy 84 (10,900 VPD).
• Dothan is Alabama’s 8th largest city and is the main transportation and commercial hub for a significant part of southeastern AL, southwest GA, and nearby portions of the FL Panhandle.
• National retail in Dothan includes Publix, Target, Lowe’s Home Improvement, and more.
• Dothan is known as “The Peanut Capital of the World” because approximately onefourth of the U.S. peanut crop is produced there.
• Major industries in Dothan include agriculture, aviation, fabricated metals, injection molding, machinery, and distribution
• Dothan is home to Fort Rucker, the Army’s Aviation Center of the U.S., and Enterprise Ozark College which offers multiple degrees in aviation disciplines.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit 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
• There are 14.5 years remaining on a 15 year corporate guaranteed NNN Lease with Dollar General that commenced in February 2024.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• The rent increases 10% in October 2037 are there are 10% rent increases in each of the five, 5-year option periods beginning in option 2.
DIRECTLY ACROSS FROM DONALSONVILLE HOSPITAL (140 BEDS & 300 EMPLOYEES)
• Donalsonville is located in the Southwest corner of GA. Nearby cities include Columbus, Dothan, AL & Tallahassee, FL.
• National Retail in Donalsonville includes Piggly Wiggly, Ace Hardware, Walgreens, and more.
• This Dollar General is directly across the street from Donalsonville Hospital, a 140 bed hospital with over 300 employees.
• In 2021, American Peanut Group invested $85 million into a new 45 Acre processing facility in Donalsonville. The facility has brought over 90 jobs and the company plans to expand the facility an additional 135,000 SF.
NEAR DOTHAN, AL
• The subject property is 30 minutes east of Dothan, AL off Hwy 84 (10,900 VPD).
• Dothan is Alabama’s 8th largest city and is the main transportation and commercial hub for a significant part of southeastern AL, southwest GA, and nearby portions of the FL Panhandle.
• National retail in Dothan includes Publix, Target, Lowe’s Home Improvement, and more.
• Dothan is known as “The Peanut Capital of the World” because approximately onefourth of the U.S. peanut crop is produced there.
• Major industries in Dothan include agriculture, aviation, fabricated metals, injection molding, machinery, and distribution
• Dothan is home to Fort Rucker, the Army’s Aviation Center of the U.S., and Enterprise Ozark College which offers multiple degrees in aviation disciplines.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit 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
- 2022
- Stories
- 1
- Property Subtype
- Storefront
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