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Dollar General

175 GA-520, Cusseta, GA 31805

Listing Price: $425,800

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.12

Investment Overview

This Dollar General is located at 175 Highway 520 in Cusseta, Georgia. Cusseta is five miles South East from Fort Benning U.S. Army base, which supports more than 120,000 active duty military, family members, reserve component soldiers, retirees and civilian employees. Fort Benning is adjacent to Columbus, Georgia and Cusseta is the next town over. The building is a built-to-suit 8,000 square foot property constructed in 2001 and has been occupied by Dollar General continuously ever since. Dollar General, in addition to $33,000 in rent, pays $1,500 per year for maintenance of the grounds and reimburses the Landlord for real estate taxes and insurance. Current lease term runs until September 30th , 2025 and there is one five-year lease extension remaining. Current rent is way below market, which leaves an opportunity for the new owner to benefit from leasing the space at market rent after the lease extension comes to the end in 2030.

Investment Highlights

  • S&P Rated BBB Investment Grade Tenant
  • Offered for Sale Below Replacement Cost
  • Below Market Rent - Future Upside Potential
  • Only One More 5-Year Option Remaining
  • Only Dollar Store in a Ten-Mile Radius

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $425,800

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.12

Investment Highlights

  • S&P Rated BBB Investment Grade Tenant
  • Offered for Sale Below Replacement Cost
  • Below Market Rent - Future Upside Potential
  • Only One More 5-Year Option Remaining
  • Only Dollar Store in a Ten-Mile Radius

Investment Overview

This Dollar General is located at 175 Highway 520 in Cusseta, Georgia. Cusseta is five miles South East from Fort Benning U.S. Army base, which supports more than 120,000 active duty military, family members, reserve component soldiers, retirees and civilian employees. Fort Benning is adjacent to Columbus, Georgia and Cusseta is the next town over. The building is a built-to-suit 8,000 square foot property constructed in 2001 and has been occupied by Dollar General continuously ever since. Dollar General, in addition to $33,000 in rent, pays $1,500 per year for maintenance of the grounds and reimburses the Landlord for real estate taxes and insurance. Current lease term runs until September 30th , 2025 and there is one five-year lease extension remaining. Current rent is way below market, which leaves an opportunity for the new owner to benefit from leasing the space at market rent after the lease extension comes to the end in 2030.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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