Discount
Dollar General Market | Near Jacksonville, FL
1071 Pearson Hwy, Homerville, GA 31634
Listing Price: $1,801,000
Investment Overview
2023 UPGRADED 12,687 SF DOLLAR GENERAL MARKET
• The subject property is a 1 2,687 SF upgraded construction Dollar General Market.
• DG Market is an enlarged footprint combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This store is open and rent commenced in April 2023.
NEAR VALDOSTA, GA
• The subject property is located about 30 miles northeast of Valdosta on Hwy 84.
• Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor.
• Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years.
• Home to Valdosta State University which is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students.
• Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family.
• Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine.
• The Valdosta Regional Airport supports over 73,500 aircraft operations per year.
HOMERVILLE
• Homerville is located in Southeast GA about an hour and a half outside of the Golden Isles & Jacksonville, FL.
• Clinch Memorial Hospital is located in Homerville and has nearly 80 employees.
• Other major employers in Homerville include Mauser Packaging solutions, Lee Container Corp., Mulch Manufacturing Inc and more.
• This Dollar General is located right outside of the Clinch County Airport.
• The Clinch County School District holds pre-school to grade twelve and consists of an elementary/middle school and a high school. The district has 96 full-time teachers and over 1,499 students.
14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
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
- 2023 Upgraded 12,687 SF Dollar General Market
- Near Valdosta, GA
- Homerville
- 14 Year Corporate NNN Lease
- Investment Grade Tenant (S&P: BBB)
Exclusively Listed By
Financing By
Listing Price: $1,801,000
Investment Highlights
- 2023 Upgraded 12,687 SF Dollar General Market
- Near Valdosta, GA
- Homerville
- 14 Year Corporate NNN Lease
- Investment Grade Tenant (S&P: BBB)
Investment Overview
2023 UPGRADED 12,687 SF DOLLAR GENERAL MARKET • The subject property is a 1 2,687 SF upgraded construction Dollar General Market. • DG Market is an enlarged footprint combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise. • This store is open and rent commenced in April 2023. NEAR VALDOSTA, GA • The subject property is located about 30 miles northeast of Valdosta on Hwy 84. • Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor. • Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years. • Home to Valdosta State University which is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students. • Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family. • Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine. • The Valdosta Regional Airport supports over 73,500 aircraft operations per year. HOMERVILLE • Homerville is located in Southeast GA about an hour and a half outside of the Golden Isles & Jacksonville, FL. • Clinch Memorial Hospital is located in Homerville and has nearly 80 employees. • Other major employers in Homerville include Mauser Packaging solutions, Lee Container Corp., Mulch Manufacturing Inc and more. • This Dollar General is located right outside of the Clinch County Airport. • The Clinch County School District holds pre-school to grade twelve and consists of an elementary/middle school and a high school. The district has 96 full-time teachers and over 1,499 students. 14 YEAR CORPORATE NNN LEASE • There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. 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
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