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Dollar General

1740 GA-138, Monroe, GA 30655

Listing Price: $830,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Double Net
Rent Per Square Feet
$6.84

Investment Overview

* Single Tenant Dollar General located in Monroe, GA, just 45 miles East of downtown Atlanta
* Long term occupancy history of over 22 years
* Only one (1), five (5) year option remaining with a 10% rental increase
* Large parcel of 1.99 acres
* Conservative rent of only $6.84/SF- well below replacement cost at only $91.21/SF
* Tenant reimburses an additional $341/month for parking lot maintenance
* The Dollar General is located adjacent to a brand new ExtraMile Convenience Store & Shops (4) and less a mile from Bear Creek Golf Club which includes over 140 single family homes with values over $500K
* Located approximately 2 miles West of Walmart, Home Depot, Piedmont Walton Hospital (77-beds), Tractor Supply, Starbucks, Chick-Fil-A, McDonald’s, and the George Walton Academy (750+ students)
* Strong traffic count on GA-138- over 20,000 cars/day in front of Dollar General
* High average household income area- over $95,000 within a 1-mile radius, over $87,000 within 3 miles and over $73,000 within 5 miles
* Currently over 34,000 residents within a 5-mile radius with a projected growth of over 8% during the next five years- 13% expected growth within a 1-mile radius
* Atlanta currently has over 6.1 million residents with an expected growth rate of nearly 5% during the next five years
* The Atlanta MSA has placed among the highest in the nation for job growth the past 5 years- Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies with 15, including Delta, Home Depot, UPS, and Coca-Cola
* Dollar General (NYSE:DG) was established in 1939 in Goodlettsville, TN and currently has over 20,000 locations- Dollar General reported a total revenue of nearly $39 billion in 2024 with a net worth of over $1.6 billion

Investment Highlights

  • Single Tenant Dollar General located in Monroe, GA, just 45 miles East of downtown Atlanta
  • Long term occupancy history of over 22 years
  • Only one (1), five (5) year option remaining with a 10% rental increase

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Dollar General

Listing Price: $830,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Double Net
Rent Per Square Feet
$6.84

Investment Highlights

  • Single Tenant Dollar General located in Monroe, GA, just 45 miles East of downtown Atlanta
  • Long term occupancy history of over 22 years
  • Only one (1), five (5) year option remaining with a 10% rental increase

Investment Overview

* Single Tenant Dollar General located in Monroe, GA, just 45 miles East of downtown Atlanta * Long term occupancy history of over 22 years * Only one (1), five (5) year option remaining with a 10% rental increase * Large parcel of 1.99 acres * Conservative rent of only $6.84/SF- well below replacement cost at only $91.21/SF * Tenant reimburses an additional $341/month for parking lot maintenance * The Dollar General is located adjacent to a brand new ExtraMile Convenience Store & Shops (4) and less a mile from Bear Creek Golf Club which includes over 140 single family homes with values over $500K * Located approximately 2 miles West of Walmart, Home Depot, Piedmont Walton Hospital (77-beds), Tractor Supply, Starbucks, Chick-Fil-A, McDonald’s, and the George Walton Academy (750+ students) * Strong traffic count on GA-138- over 20,000 cars/day in front of Dollar General * High average household income area- over $95,000 within a 1-mile radius, over $87,000 within 3 miles and over $73,000 within 5 miles * Currently over 34,000 residents within a 5-mile radius with a projected growth of over 8% during the next five years- 13% expected growth within a 1-mile radius * Atlanta currently has over 6.1 million residents with an expected growth rate of nearly 5% during the next five years * The Atlanta MSA has placed among the highest in the nation for job growth the past 5 years- Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies with 15, including Delta, Home Depot, UPS, and Coca-Cola * Dollar General (NYSE:DG) was established in 1939 in Goodlettsville, TN and currently has over 20,000 locations- Dollar General reported a total revenue of nearly $39 billion in 2024 with a net worth of over $1.6 billion

Exclusively Listed By

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