3901 Charlie Smith Sr Hwy - Convenience Store FOR SALE


Saint Marys, GA 31558
$1,499,000 USD
734-755-6359
3901 Charlie Smith Sr Hwy, Saint Marys, GA for Sale
$1,499,000 USD
Convenience Store - FOR SALE
1/6
null | 7.14% Cap Rate

3901 Charlie Smith Sr Hwy
Saint Marys, GA 31558


HIGHLIGHTS

  • Absolute NNN 15 Year Lease | Zero Landlord Responsibilities.
  • Hard Signalized Corner Location | 9 Years 7 Months Remaining on Primary Term.
  • Across from Kings Bay Sub Base | 9,000+ Personnel.
  • Five (5 Year) Options | 10% Rental Increase At Each Option.
  • Three Mile Household Income $82,545 Ten Mile Population 53,233 With Expected 2.00% Growth

OVERVIEW

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in St Mary's, Georgia. Naval Submarine Base Kings Bay, located across the street, serves as a critical hub for the U.S. Navy's Atlantic Fleet submarines. The base employs approximately 9,000 personnel, including active-duty military members, civilian employees, and contractors. It plays a vital role in supporting submarine operations and training in the region. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (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 is currently open with rent having commenced in March 2020. This Dollar General is highly visible as it is strategically positioned on the corner of Charlie Smith Hwy and Winding rd, which sees 12,015 cars per day. The ten mile population from the site is 53,233 while the three-mile average household income is $82,545 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the 1-mile population growth rate at 1.8%. 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 7.14% cap rate based on NOI of $107,004.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-1

APN/PARCEL ID

133-006

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.