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Vacant-User

Dollar General - Lavonia, GA

60 Poplar Springs Rd, Lavonia, GA 30553

Listing Price: $1,895,000

Cap Rate
5.25%
Gross SF
9,002
Rentable SF
9,002
Price/Gross SF
$210.51
Lot Size
1.76 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Dollar Tree discount retail store located at 60 Poplar Springs Rd in Lavonia, GA. The building totals 9,002 square-feet and is situated on 1.76 acres. The tenant, Dollar General, is on a corporate guaranteed absolute NNN lease with approximately 13 years of term remaining and five, 5-year options to renew with 10% rental increases each period. Dollar General has investment grade credit rating of BBB (S&P) & Baa2 (Moody's), and grossed over 33.7 billion dollars in sales in 2019. Lavonia, GA is situated near the border of South Carolina and Lake Hartwell. Lake Hartwell is is a major tourist draw bringing more than 11 million visitors to the area each year. Lavonia sits just 45 minutes north of Athens Georgia, home to the state's ?agship university, The University of Georgia. Athens is the sixth largest city in Georgia with more than 215,000 residents in the metropolitan area. Athens hosts many institutional companies including Caterpillar, Pilgrims, Carrier, and ABB. Athens is one of the fastest growing areas in the southeast with a projected job growth of nearly 50% in the next ten years due to the business friendly environment, low taxes and increasing labor pool.

Investment Highlights

  • Single-Tenant Absolute NNN | Long-Term Lease | Built in 2018, Upgraded Three-Sided Brick Construction
  • Approximately 13 Years of Term Remaining | Five, 5-Year Options to Renew, Each with 10% Rental Increases
  • Fully Leased to Dollar General | One of the Largest Discount Retailers in the United States | Operating in 46 States
  • Investment Grade Tenant | S&P: BBB | Moody's: Baa2 | Great Opportunity to Acquire Recession Proof, Investment Grade Retail
  • Located Just Off of Interstate-85 (41,900+ VPD) | Ideal Passive Investment | Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Vacant-User

Dollar General - Lavonia, GA

Listing Price: $1,895,000

Cap Rate
5.25%
Gross SF
9,002
Rentable SF
9,002
Price/Gross SF
$210.51
Lot Size
1.76 acres
Year Built
2018

Investment Highlights

  • Single-Tenant Absolute NNN | Long-Term Lease | Built in 2018, Upgraded Three-Sided Brick Construction
  • Approximately 13 Years of Term Remaining | Five, 5-Year Options to Renew, Each with 10% Rental Increases
  • Fully Leased to Dollar General | One of the Largest Discount Retailers in the United States | Operating in 46 States
  • Investment Grade Tenant | S&P: BBB | Moody's: Baa2 | Great Opportunity to Acquire Recession Proof, Investment Grade Retail
  • Located Just Off of Interstate-85 (41,900+ VPD) | Ideal Passive Investment | Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Dollar Tree discount retail store located at 60 Poplar Springs Rd in Lavonia, GA. The building totals 9,002 square-feet and is situated on 1.76 acres. The tenant, Dollar General, is on a corporate guaranteed absolute NNN lease with approximately 13 years of term remaining and five, 5-year options to renew with 10% rental increases each period. Dollar General has investment grade credit rating of BBB (S&P) & Baa2 (Moody's), and grossed over 33.7 billion dollars in sales in 2019. Lavonia, GA is situated near the border of South Carolina and Lake Hartwell. Lake Hartwell is is a major tourist draw bringing more than 11 million visitors to the area each year. Lavonia sits just 45 minutes north of Athens Georgia, home to the state's ?agship university, The University of Georgia. Athens is the sixth largest city in Georgia with more than 215,000 residents in the metropolitan area. Athens hosts many institutional companies including Caterpillar, Pilgrims, Carrier, and ABB. Athens is one of the fastest growing areas in the southeast with a projected job growth of nearly 50% in the next ten years due to the business friendly environment, low taxes and increasing labor pool.

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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