11236 GA-169 - Convenience Store FOR SALE


Glennville, GA 30427
$2,469,600 USD
734-755-6359
11236 GA-169, Glennville, GA for Sale
$2,469,600 USD
Convenience Store - FOR SALE
1/4
null | 6.5% Cap Rate

11236 GA-169
Glennville, GA 30427


HIGHLIGHTS

  • 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
  • 5% Rental Rate Increases Every 5 Years
  • 2025 BTS | Corner Entry Plus Size Construction
  • Five (5 Year) Options | 5% Rental Increase At Each Option
  • Three Mile Household Income $73,349
  • Ten Mile Population 13,817 | 8.16% Expected Growth

OVERVIEW

Fortis Net Lease is pleased to present this 10,640 SF. Dollar General Plus store located in Glennville, Georgia. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases ever 5 years including 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 currently under construction with rent and opening on track for a August 2025. This Dollar General is highly visible as it is strategically positioned on the hard signalized corner of GA-23 and Highway 169 which sees 5,529 cars per day. The ten mile population from the site is 13,817 and the three mile average household income is $73,349 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 10 mile population growth rate at 8.17%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a 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 6.50% cap rate based on NOI of $160,524.

FOR SALE DETAILS

PRICE

$2,469,600 USD

PRICE/SF

$232 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

C-1

APN/PARCEL ID

088 043 01

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.