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Dollar General & Laundromat

21 Lagrange St, Grantville, GA 30220

Listing Price: $1,045,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.90
Guarantor
Corporate Guarantee
Rentable SF
14,000
Lease Type
Double Net
Rent Per Square Feet
$5.97

Investment Overview

This Atlanta Metro Area 14,000 square foot two-tenant building houses the leading discount retailer Dollar General in 11,550 and a local Laundromat in 2,450 square feet of the space. The property is located on the major thoroughfare through town and is the only dollar store within a five-mile radius. Dollar General has been a tenant since 2002. Original Lease was a five-year term with two renewal options, which was amended to end in 2026. In 2019, the new rent negotiated with Dollar General is more than double the rent they were paying up until then, showing their extreme willingness to stay at this location. The base term of the Dollar General lease expires 8/2026, followed by two 5-year options. The Laundromat lease is on a month-to-month basis and is the only laundromat in a five-mile radius.

Investment Highlights

  • S & P Rated BBB — Investment Grade Tenant (Dollar General)
  • Dollar General Agreed to Double the Rent in 2019
  • Located on the Main Thoroughfare of Grantville, GA (Atlanta MSA) just 38-miles south west from downtown Atlanta
  • Atlanta Metropolitan Area is 4th Fastest Growing MSA in the Nation
  • Zero Local Competition — Only Dollar Store In a 5-Mile Radius
  • Steady tourism in immediate area thanks to Grantville being the location for the filming of the popular A&E show "The Walking Dead"

Exclusively Listed By

Discount

Dollar General & Laundromat

Listing Price: $1,045,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.90
Guarantor
Corporate Guarantee
Rentable SF
14,000
Lease Type
Double Net
Rent Per Square Feet
$5.97

Investment Highlights

  • S & P Rated BBB — Investment Grade Tenant (Dollar General)
  • Dollar General Agreed to Double the Rent in 2019
  • Located on the Main Thoroughfare of Grantville, GA (Atlanta MSA) just 38-miles south west from downtown Atlanta
  • Atlanta Metropolitan Area is 4th Fastest Growing MSA in the Nation
  • Zero Local Competition — Only Dollar Store In a 5-Mile Radius
  • Steady tourism in immediate area thanks to Grantville being the location for the filming of the popular A&E show "The Walking Dead"

Investment Overview

This Atlanta Metro Area 14,000 square foot two-tenant building houses the leading discount retailer Dollar General in 11,550 and a local Laundromat in 2,450 square feet of the space. The property is located on the major thoroughfare through town and is the only dollar store within a five-mile radius. Dollar General has been a tenant since 2002. Original Lease was a five-year term with two renewal options, which was amended to end in 2026. In 2019, the new rent negotiated with Dollar General is more than double the rent they were paying up until then, showing their extreme willingness to stay at this location. The base term of the Dollar General lease expires 8/2026, followed by two 5-year options. The Laundromat lease is on a month-to-month basis and is the only laundromat in a five-mile radius.

Exclusively Listed By

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