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Dollar General

175 GA-520, Cusseta, GA 31805

Listing Price: $412,500

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
4.7
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$51.56
Lease Type
Double Net
Rent Per Square Feet
$4.13

Investment Overview

This Dollar General is located at 175 Highway 520 in Cusseta, GA. The subject building is 8,000 square feet, sitting on 1.5 acres of land. The building was built to suit in 2001 and Dollar General has occupied the building ever since. In August 2010, Dollar General extended the lease ending in 2011 for nine years. The current lease extension ends on September 30th, 2020, however, Dollar General has already said they are exercising their next option. Therefore, there are roughly 5.5 years remaining on the current lease term. There is one more Option to extend the lease remaining for September 2025. At $52.50 per square foot, the property is selling way below replacement cost and the rent of $2,750 per month is well below market. Not only is this location the only dollar store in town, it is the only dollar store in a ten mile radius.

Investment Highlights

  • S&P Rated BBB Investment Grade Tenant
  • Below Replacement Cost
  • Below Market Rent
  • Columbus, GA Metro Area
  • Only Dollar Store in a Ten-Mile Radius

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Listing Price: $412,500

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
4.7
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$51.56
Lease Type
Double Net
Rent Per Square Feet
$4.13

Investment Highlights

  • S&P Rated BBB Investment Grade Tenant
  • Below Replacement Cost
  • Below Market Rent
  • Columbus, GA Metro Area
  • Only Dollar Store in a Ten-Mile Radius

Investment Overview

This Dollar General is located at 175 Highway 520 in Cusseta, GA. The subject building is 8,000 square feet, sitting on 1.5 acres of land. The building was built to suit in 2001 and Dollar General has occupied the building ever since. In August 2010, Dollar General extended the lease ending in 2011 for nine years. The current lease extension ends on September 30th, 2020, however, Dollar General has already said they are exercising their next option. Therefore, there are roughly 5.5 years remaining on the current lease term. There is one more Option to extend the lease remaining for September 2025. At $52.50 per square foot, the property is selling way below replacement cost and the rent of $2,750 per month is well below market. Not only is this location the only dollar store in town, it is the only dollar store in a ten mile radius.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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