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Dollar General

406 N Merrimac Dr, Fitzgerald, GA 31750

Listing Price: $1,756,000

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.42

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF upgraded Dollar General located in Fitzgerald, GA • This store is currently under construction and scheduled for delivery in July 2021 ATTRACTIVE RETAIL LOCATION • This Dollar General is strategically positioned 1 mile from the main retail corridor, S. Grant St. (12,900 VPD) with 1.2 Million SF of retail in a 1.5 mile radius. • National tenants include Tractor Supply, Walgreens, Wendy’s, Verizon, CVS, Advance, Auto Parts, Burger King and many more. • The 5-mile population for this Dollar General is over 15,000 and is surrounded by multiple housing developments • Downtown Fitzgerald and Fitzgerald Elementary School (722 Students) are less than half mile from this Dollar General. FITZGERALD, GA • Fitzgerald is the county seat of Ben Hill County and is located in the south central portion of GA. • Fitzgerald is well located only 25 miles East of Interstate 75 (53,000 VPD) • Fitzgerald boasts a state-of-the-art airport with a 5,000 foot runway, a mainline railroad owned and operated by the CSX Corporation, an abundant workforce, many industrial properties and access to major markets in the Southeastern U.S. • Home to Dorminy Medical Center, a 75-bed hospital that employees over 200 people and ranked in the top 10 best small hospitals in the state. • Home to multiple schools including Fitzgerald High School College and Career Academy (829 Students), Ben Hill Elementary School (722 Students), and many more. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,050 stores this year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Construction | Delivery July 2021
  • Near 1.2M SF Of National Retail
  • 25 Miles East Of I-75 (53,000 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant | 17,000 + Locations

Exclusively Listed By

Listing Price: $1,756,000

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.42

Investment Highlights

  • New Upgraded Construction | Delivery July 2021
  • Near 1.2M SF Of National Retail
  • 25 Miles East Of I-75 (53,000 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant | 17,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF upgraded Dollar General located in Fitzgerald, GA • This store is currently under construction and scheduled for delivery in July 2021 ATTRACTIVE RETAIL LOCATION • This Dollar General is strategically positioned 1 mile from the main retail corridor, S. Grant St. (12,900 VPD) with 1.2 Million SF of retail in a 1.5 mile radius. • National tenants include Tractor Supply, Walgreens, Wendy’s, Verizon, CVS, Advance, Auto Parts, Burger King and many more. • The 5-mile population for this Dollar General is over 15,000 and is surrounded by multiple housing developments • Downtown Fitzgerald and Fitzgerald Elementary School (722 Students) are less than half mile from this Dollar General. FITZGERALD, GA • Fitzgerald is the county seat of Ben Hill County and is located in the south central portion of GA. • Fitzgerald is well located only 25 miles East of Interstate 75 (53,000 VPD) • Fitzgerald boasts a state-of-the-art airport with a 5,000 foot runway, a mainline railroad owned and operated by the CSX Corporation, an abundant workforce, many industrial properties and access to major markets in the Southeastern U.S. • Home to Dorminy Medical Center, a 75-bed hospital that employees over 200 people and ranked in the top 10 best small hospitals in the state. • Home to multiple schools including Fitzgerald High School College and Career Academy (829 Students), Ben Hill Elementary School (722 Students), and many more. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,050 stores this year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

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