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Dollar Tree | New 2022 Build | Athens MSA

12480 Augusta Rd, Lavonia, GA 30553

Listing Price: $2,195,455

Cap Rate
5.50%
Tenant Name
Dollar Tree Stores, Inc.
Years Remaining On Lease
9.5
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$209.09
Lease Type
Double Net
Rent Per Square Feet
$11.50

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly constructed Dollar Tree located in Lavonia, GA. Completed in 2022, the freestanding retail building rests on approximately 0.96 acres and totals 10,500 square-feet, fully leased to Dollar Tree. The tenant is on a long-term, NN lease with approximately 9.5 years of term remaining with $0.50/SF rent escalations occurring each option period and features a corporate guarantee. The property is ideally positioned on Augusta Rd (14,100+ VPD) and is situated less than 1.3 miles to I-85 (40,600+ VPD). Additionally, Lavonia Elementary School (550+ Students) is located less than 2 miles from the property. The immediate surrounding area features other national retailers including Chevron, First Citizens Bank, a UPS Center, Auto Zone, Dollar General, Synovus Bank, Family Dollar, Ace Hardware, & many more. Lavonia, GA is situated near the border of South Carolina and Lake Hartwell. Lake Hartwell is a major tourist draw bringing more than 11 million visitors to the area each year. Lavonia sits just 45 minutes north of Athens Georgia, home to the state’s flagship university, The University of Georgia. Athens is the sixth largest city in Georgia with more than 215,000 residents in the metropolitan area. Athens hosts many institutional companies including Caterpillar, Pilgrims, Carrier, and ABB. Athens is one of the fastest growing areas in the southeast with a projected job growth of nearly 50% in the next ten years due to the business friendly environment, low taxes and increasing labor pool.

Investment Highlights

  • Built in 2022 | 100% Leased to Dollar Tree Stores, Inc. | Corporate Guarantee
  • Original NN Lease | Four, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period
  • Approx. 9.5 Years of Term Remaining | Minimal Landlord Responsibilities | Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa2 (Moody's)
  • Ideally Located on Augusta Rd (14,100+ VPD) | Less than 1.3 Miles to I-85 (40,600+ VPD) | Less than 2 Miles from Lavonia Elementary School (550+ Students) | Close Proximity to AutoZone Distribution Center
  • Tenant Has Right of First Refusal if Landlord Receives Bona Fide Offer to Purchase

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Discount

Dollar Tree | New 2022 Build | Athens MSA

Listing Price: $2,195,455

Cap Rate
5.50%
Tenant Name
Dollar Tree Stores, Inc.
Years Remaining On Lease
9.5
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$209.09
Lease Type
Double Net
Rent Per Square Feet
$11.50

Investment Highlights

  • Built in 2022 | 100% Leased to Dollar Tree Stores, Inc. | Corporate Guarantee
  • Original NN Lease | Four, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period
  • Approx. 9.5 Years of Term Remaining | Minimal Landlord Responsibilities | Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa2 (Moody's)
  • Ideally Located on Augusta Rd (14,100+ VPD) | Less than 1.3 Miles to I-85 (40,600+ VPD) | Less than 2 Miles from Lavonia Elementary School (550+ Students) | Close Proximity to AutoZone Distribution Center
  • Tenant Has Right of First Refusal if Landlord Receives Bona Fide Offer to Purchase

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly constructed Dollar Tree located in Lavonia, GA. Completed in 2022, the freestanding retail building rests on approximately 0.96 acres and totals 10,500 square-feet, fully leased to Dollar Tree. The tenant is on a long-term, NN lease with approximately 9.5 years of term remaining with $0.50/SF rent escalations occurring each option period and features a corporate guarantee. The property is ideally positioned on Augusta Rd (14,100+ VPD) and is situated less than 1.3 miles to I-85 (40,600+ VPD). Additionally, Lavonia Elementary School (550+ Students) is located less than 2 miles from the property. The immediate surrounding area features other national retailers including Chevron, First Citizens Bank, a UPS Center, Auto Zone, Dollar General, Synovus Bank, Family Dollar, Ace Hardware, & many more. Lavonia, GA is situated near the border of South Carolina and Lake Hartwell. Lake Hartwell is a major tourist draw bringing more than 11 million visitors to the area each year. Lavonia sits just 45 minutes north of Athens Georgia, home to the state’s flagship university, The University of Georgia. Athens is the sixth largest city in Georgia with more than 215,000 residents in the metropolitan area. Athens hosts many institutional companies including Caterpillar, Pilgrims, Carrier, and ABB. Athens is one of the fastest growing areas in the southeast with a projected job growth of nearly 50% in the next ten years due to the business friendly environment, low taxes and increasing labor pool.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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