11510 Luthersville Rd - Freestanding FOR SALE


Gay, GA 30218
$1,079,500 USD
646-805-1491
11510 Luthersville Rd, Gay, GA for Sale
$1,079,500 USD
Freestanding - FOR SALE
1/1
null | 7.25% Cap Rate

11510 Luthersville Rd
Gay, GA 30218


HIGHLIGHTS

  • Absolute NNN With No Landlord Responsibilities Located at the Heavily Trafficked Intersection of Highway 85 and Luthersville Road With 3,500 VPD.
  • Dollar General has 8.75 Years Remaining on the Base Term of the Lease with 10% Rent Increases In Each Option, as a Hedge Against Inflation.
  • This Location Benefits from Being the Only Dollar Store within a 9-Mile Radius, Providing Long Term Tenant Security.
  • Located Just One Hour South From Atlanta, The Most Populous MSA in the State and the 6th Most Populous Area in the U.S.
  • Positioned 40-Miles from Atlanta International Airport - the Busiest Airport in the World with Over 104 Million Passengers Annually.

OVERVIEW

This corporately guaranteed Dollar General investment offers a rare opportunity to acquire a passive, inflation-hedged asset in a strategic Georgia location. Built in 2019, the property spans 7,620 square feet on a 2-acre parcel at the high-traffic intersection of Highway 85 and Luthersville Road, with over 3,500 vehicles passing daily. The lease is structured as Absolute NNN, eliminating landlord responsibilities and ensuring stable cash flow. With 8.75 years remaining on the original 15-year lease term and five 5-year renewal options, the asset benefits from 10% rent escalations in each option period, providing a built-in hedge against inflation. Dollar General’s corporate guarantee adds further security, backed by a BBB credit rating and a footprint of over 20,000 stores nationwide. The property is located just one hour south of Atlanta, the sixth-largest metro in the U.S., and only 40 miles from Hartsfield-Jackson Atlanta International Airport. The surrounding area is experiencing steady population growth, with projections exceeding 1% within a 1-mile radius through 2028. Average household income within the same radius surpasses $75,000, supporting strong retail fundamentals. This location enjoys limited competition, being the only dollar store within a 9-mile radius, enhancing tenant retention and long-term viability. Ideal for investors seeking a recession-resistant asset with predictable returns and minimal management.

FOR SALE DETAILS

PRICE

$1,079,500 USD

PRICE/SF

$142 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

144 - -018-002

ASK ABOUT THIS PROPERTY

Michael CardoneMarcus & MillichapMore Info
646-805-1491

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Michael CardoneMarcus & MillichapMore Info
646-805-1491

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