Skip to main content

Discount

Dollar General

2045 Vada Rd, Bainbridge, GA 39817

Listing Price: $2,184,000

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$13.23

Investment Overview

NEW 15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• This new upgraded construction Dollar General is 10,566 SF and sits on over 2 acres.
• The store is scheduled for delivery in January 2024.

BAINBRIDGE, GA
• Bainbridge is located in the southwest corner of the state and is about an hour north of Tallahassee, FL.
• Taurus, a firearms manufacturer, relocated from Miami to Bainbridge in 2019. Taurus invested $25 Million in the new manufacturing facility and generated 300 new jobs for the community.
• National retailers in Bainbridge include Home Depot, Walmart, Chick-fil- a and more.
• Abraham Baldwin Agricultural College Bainbridge has 3,736 students enrolled.
• Bainbridge is the county seat of Decatur County.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,300 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Investment Highlights

  • 5% Rent Increases In Initial Lease Term
  • New Upgraded Dollar General
  • Bainbridge, GA | County Seat
  • January 2024 Delivery
  • 15 Year Corporate NNN Lease
  • Investment Grade Tenant | 19,150 + Locations

Exclusively Listed By

Financing By

Discount

Dollar General

Listing Price: $2,184,000

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$13.23

Investment Highlights

  • 5% Rent Increases In Initial Lease Term
  • New Upgraded Dollar General
  • Bainbridge, GA | County Seat
  • January 2024 Delivery
  • 15 Year Corporate NNN Lease
  • Investment Grade Tenant | 19,150 + Locations

Investment Overview

NEW 15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • This new upgraded construction Dollar General is 10,566 SF and sits on over 2 acres. • The store is scheduled for delivery in January 2024. BAINBRIDGE, GA • Bainbridge is located in the southwest corner of the state and is about an hour north of Tallahassee, FL. • Taurus, a firearms manufacturer, relocated from Miami to Bainbridge in 2019. Taurus invested $25 Million in the new manufacturing facility and generated 300 new jobs for the community. • National retailers in Bainbridge include Home Depot, Walmart, Chick-fil- a and more. • Abraham Baldwin Agricultural College Bainbridge has 3,736 students enrolled. • Bainbridge is the county seat of Decatur County. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,300 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower