Skip to main content

Discount

Dollar General | Rent Increase in Initial Term

907 N Tennille Ave, Donalsonville, GA 39845

Listing Price: $1,504,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$9.60

Investment Overview

15 YEAR CORPORATE NNN LEASE | RENT INCREASE IN THE INITIAL TERM
• There are 14.5 years remaining on a 15 year corporate guaranteed NNN Lease with Dollar General that commenced in February 2024.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• The rent increases 10% in October 2037 are there are 10% rent increases in each of the five, 5-year option periods beginning in option 2.
• Donalsonville is located in the Southwest corner of GA. Nearby cities include Columbus, Dothan, AL & Tallahassee, FL.
• National Retail in Donalsonville includes Piggly Wiggly, Ace Hardware, Walgreens, and more.
• This Dollar General is directly across the street from Donalsonville Hospital, a 140 bed hospital with over 300 employees.
• In 2021, American Peanut Group invested $85 million into a new 45 Acre processing facility in Donalsonville. The facility has brought over 90 jobs and the company plans to expand the facility an additional 135,000 SF.

NEAR DOTHAN, AL
• The subject property is 30 minutes east of Dothan, AL off Hwy 84 (10,900 VPD).
• Dothan is Alabama’s 8th largest city and is the main transportation and commercial hub for a significant part of southeastern AL, southwest GA, and nearby portions of the FL Panhandle.
• National retail in Dothan includes Publix, Target, Lowe’s Home Improvement, and more.
• Dothan is known as “The Peanut Capital of the World” because approximately one fourth of the U.S. peanut crop is produced there.
• Major industries in Dothan include agriculture, aviation, fabricated metals, injection molding, machinery, and distribution
• Dothan is home to Fort Rucker, the Army’s Aviation Center of the U.S., and Enterprise Ozark College which offers multiple degrees in aviation disciplines.

INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion

Investment Highlights

  • 15 Years Corporate NNN Lease | Rent Increase In The Initial Term
  • Directly Across From Donalsonville Hospital (140 Beds & 300 Employees)
  • Near Dothan, AL
  • Investment Grade Tenant (S&P: BBB)

Exclusively Listed By

Financing By

Discount

Dollar General | Rent Increase in Initial Term

Listing Price: $1,504,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$9.60

Investment Highlights

  • 15 Years Corporate NNN Lease | Rent Increase In The Initial Term
  • Directly Across From Donalsonville Hospital (140 Beds & 300 Employees)
  • Near Dothan, AL
  • Investment Grade Tenant (S&P: BBB)

Investment Overview

15 YEAR CORPORATE NNN LEASE | RENT INCREASE IN THE INITIAL TERM • There are 14.5 years remaining on a 15 year corporate guaranteed NNN Lease with Dollar General that commenced in February 2024. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • The rent increases 10% in October 2037 are there are 10% rent increases in each of the five, 5-year option periods beginning in option 2. • Donalsonville is located in the Southwest corner of GA. Nearby cities include Columbus, Dothan, AL & Tallahassee, FL. • National Retail in Donalsonville includes Piggly Wiggly, Ace Hardware, Walgreens, and more. • This Dollar General is directly across the street from Donalsonville Hospital, a 140 bed hospital with over 300 employees. • In 2021, American Peanut Group invested $85 million into a new 45 Acre processing facility in Donalsonville. The facility has brought over 90 jobs and the company plans to expand the facility an additional 135,000 SF. NEAR DOTHAN, AL • The subject property is 30 minutes east of Dothan, AL off Hwy 84 (10,900 VPD). • Dothan is Alabama’s 8th largest city and is the main transportation and commercial hub for a significant part of southeastern AL, southwest GA, and nearby portions of the FL Panhandle. • National retail in Dothan includes Publix, Target, Lowe’s Home Improvement, and more. • Dothan is known as “The Peanut Capital of the World” because approximately one fourth of the U.S. peanut crop is produced there. • Major industries in Dothan include agriculture, aviation, fabricated metals, injection molding, machinery, and distribution • Dothan is home to Fort Rucker, the Army’s Aviation Center of the U.S., and Enterprise Ozark College which offers multiple degrees in aviation disciplines. INVESTMENT GRADE TENANT (S&P: BBB) • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower