Discount

Dollar General

119 AL-106, Georgiana, AL 36033

Listing Price: $379,000

Cap Rate
9.50%
Tenant Name
Dollar General
Years Remaining On Lease
1.6
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.80

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale the Dollar General property located in Georgiana, AL.

Investment Highlights

  • Credit Rated Corporate Guarantor (NYSE: DG) BBB Rating by S&P
  • Extremely low rent of $4.65 PSF
  • Long term historical occupation of 18+ years at subject property
  • Dollar General exercised first renewal option early along with scheduled rent increase
  • ±10% rent increases in each Option period
  • No competition - only Dollar General in Georgiana & 9+ miles from nearest Dollar General
  • Located 2 miles from Interstate 65 – Traffic count exceeds 19,500 VPD and connects Montgomery to Mobile

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $379,000

Cap Rate
9.50%
Tenant Name
Dollar General
Years Remaining On Lease
1.6
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.80

Investment Highlights

  • Credit Rated Corporate Guarantor (NYSE: DG) BBB Rating by S&P
  • Extremely low rent of $4.65 PSF
  • Long term historical occupation of 18+ years at subject property
  • Dollar General exercised first renewal option early along with scheduled rent increase
  • ±10% rent increases in each Option period
  • No competition - only Dollar General in Georgiana & 9+ miles from nearest Dollar General
  • Located 2 miles from Interstate 65 – Traffic count exceeds 19,500 VPD and connects Montgomery to Mobile

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale the Dollar General property located in Georgiana, AL.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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