14 Thomason Road, Cleveland, GA 30528
Freestanding retail asset with a long-term corporate lease and tenant-paid operating responsibilities.
Property Features for 14 Thomason Road
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Dollar General Corporation occupies the property under an absolute NNN lease with a 15-year corporate guarantee. The tenant is responsible for taxes, insurance, maintenance, roof, structure, and parking lot obligations. Lease economics include five 5-year renewal options, 5% rental increases at each five-year interval, and an average term cap rate of 6.67%. The tenant carries BBB and Baa2 ratings from Standard & Poor’s and Moody’s, respectively.
Key Highlights
- 10,640‑square‑foot freestanding Dollar General store on 1.68 acres
- 2025 construction with upgraded brick facade
- Absolute NNN lease with a 15‑year corporate guarantee
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Trade Area within ½ mile
Demographics for 30528, GA
Market
Vacancy Rate% for Retail in South region