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24298 Us Highway 17 Waverly, GA 31565

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For Lease
$1,299,000

Recently upgraded Dollar General store with a long-term absolute NNN lease.

Building Details

Year built
2017

Source: Bryan Bender Agent Bryan Bender

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Dollar General Investment Opportunity

This 9,100 SF Dollar General store is located in Waverly, Georgia. The property is secured by a Fifteen (15) Year Absolute NNN Lease, with zero landlord responsibilities. The lease includes 5 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of “BBB”, classified as Investment Grade. The store is currently open, with rent commenced in March 2017. The Dollar General is positioned on the corner of Horsestamp Church Road (GA-110) and US Highway 17, which sees 2,320 cars per day. The ten mile population from the site is 13,929, while the three mile average household income is $80,457 per year. The one mile population growth rate is at 6.45%. There is no competition in over 9 miles, and it is the only Dollar Store serving the community. The property has 7 Years 2 Months Remaining on Primary Term. Waverly is located between Brunswick and Woodbine, west of I-95, on historic U.S. Highway 17. The Golf Club at Sanctuary Cove is nearby off Horsestamp Church Road. Waverly is 20 miles from Brunswick, GA. The property is located on a main thoroughfare.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Restaurant Arcade & Gaming Center Italian Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waverly
County
Camden
State
Georgia
Longitude
-81.725916
Latitude
31.091813

FAQs

What type of property is this?
Storefront property - Recently upgraded Dollar General store with a long-term absolute NNN lease.
Where is this storefront property located?
The property is located at 24298 Us Highway 17 Waverly, GA.
What are key features of this property?
This property features: - Absolute NNN 15-Year Lease with Zero Landlord Responsibilities, providing a completely passive investment.; - Corporate Guarantee by Dollar General Corporation with an Investment Grade “BBB” Credit Rating.; - Strategic Corner Location on US Highway 17 with high visibility and no competition within a 9-mile radius.
More about this property
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