Dollar General NNN
For Sale
Contact for pricing
1416 Leverette Road, Warner Robins, GA 31088
New construction is scheduled to open in July 2026 under an absolute NNN lease.
Property Size10,640 SF
Price / SF$232.73
Days on Market117
Property Features for 1416 Leverette Road
General Information
Standard status
Active
Size
10,640 SF
Total Parking Spaces
30
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$154,763
Additional Details
Cap Rate
6.25%
Corner Location
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 11:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This 10,640 SF Dollar General PLUS store is under construction at 1416 Leverette Road in Warner Robins, Georgia, with completion and store opening projected for July 2026. The asset is structured under a 15-year absolute NNN lease, placing landlord responsibility outside the lease structure. The agreement includes 5% rent increases every 5 years and five additional 5-year renewal options. Dollar General Corporation provides the lease guarantee and carries a BBB investment-grade credit rating.
The property occupies a signalized intersection at Leverette Road and Houston Lake Road. Reported traffic volumes are 6,029 cars per day on Leverette Road and 29,700 cars per day on Houston Lake Road. The surrounding five-mile population is 124,214, with a 5.82% population growth rate, while one-mile average household income is $82,853 per year.
The property occupies a signalized intersection at Leverette Road and Houston Lake Road. Reported traffic volumes are 6,029 cars per day on Leverette Road and 29,700 cars per day on Houston Lake Road. The surrounding five-mile population is 124,214, with a 5.82% population growth rate, while one-mile average household income is $82,853 per year.
Key Highlights
- 10,640 SF Dollar General PLUS store under construction
- 15‑year absolute NNN lease with no landlord responsibilities
- 5% rent increases every 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,666,000
$2.7M
Cap Rate 7%
$1,904,286
$1.9M
Cap Rate 9%
$1,481,111
$1.5M
Market Conditions
NOI Build-Up for 10,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$208.1K $19.56/SF
− Vacancy
−$17.7K −$1.66/SF
EGI
$190.4K $17.90/SF
− OpEx
−$57.1K −$5.37/SF
NOI
$133.3K $12.53/SF
Area
Houston County, GA
Vacancy
8.50%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,666,000
Cap Rate 7%
$1,904,286
Cap Rate 9%
$1,481,111
Alternative Uses
Best Use
Retail
$1.90M
$1.67M – $2.22M
NOI $133,300 @ 7.0% cap · market cap 5.38%
Second Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,321 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,754 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CarMax
Shops & Services
3,441 visits/mo
0.3 miles
Texaco
Shops & Services
2,678 visits/mo
0.2 miles
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - New construction is scheduled to open in July 2026 under an absolute NNN lease.
Where is this nnn property located?
The property is located at 1416 Leverette Road Warner Robins, GA.
What is the asking price?
The asking price for this property is $2,476,208.
What are key features of this property?
This property features: 10,640 SF Dollar General PLUS store under construction; 15‑year absolute NNN lease with no landlord responsibilities; 5% rent increases every 5 years
