Single-Tenant Dollar General NNN
For Sale
Contact for pricing
Pending
1515 BANKHEAD HWY, Carrollton, GA 30116
Corporate-guaranteed NNN lease with contractual rent increases for a fully leased Dollar General store.
Property Size9,100 SF
Days on Market60
Property Features for 1515 BANKHEAD HWY
General Information
Standard status
Pending
Size
9,100 SF
Property subtype
Retail
Zoning
C-1; General Commercial District
Occupancy
100%
Lease Type
NNN
Net Operating Income
$106,181
Building Details
Year Built
2011
Year Renovated
2011
Units
37
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Lauren Shaheen · License #436367
Source:
Crexi
Added: Jun 13
Changed: Aug 8
Last Checked: Jul 24 at 12:56PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
The property is a fully leased, single-tenant Dollar General store on a 3.037-acre site containing approximately 9,100 square feet. The asset is structured as a triple net (NNN) investment and is described as passive in ownership, with contractual responsibility limited on the landlord side. Dollar General is the tenant on a 5-year lease term, supported by a corporate-guarantee backed by Dollar General Corporation. The lease also includes five (5) additional 5-year renewal options, with 10% rental increases at each renewal option, providing built-in rent growth over time.
Located on Bankhead Hwy in Carrollton, Georgia, the property is positioned within a growing trade area. The provided demographic information indicates an average household income of $102,104 within a 1-mile radius and a population of 45,281 residents within a 5-mile radius.
This offering is best suited for investors seeking an investment-grade, corporate-guaranteed retail credit profile combined with scheduled lease extensions and contractual rent increases. With Dollar General’s stated BBB credit rating and a management-light operating structure described in the offering materials, the property is designed for investors who want long-term lease structure and predictable income features without day-to-day operational involvement.
Located on Bankhead Hwy in Carrollton, Georgia, the property is positioned within a growing trade area. The provided demographic information indicates an average household income of $102,104 within a 1-mile radius and a population of 45,281 residents within a 5-mile radius.
This offering is best suited for investors seeking an investment-grade, corporate-guaranteed retail credit profile combined with scheduled lease extensions and contractual rent increases. With Dollar General’s stated BBB credit rating and a management-light operating structure described in the offering materials, the property is designed for investors who want long-term lease structure and predictable income features without day-to-day operational involvement.
Key Highlights
- 100% leased Dollar General property with a corporate‑guaranteed, triple net (NNN) lease
- Dollar General Corporation‑backed lease structure with investment‑grade tenant credit (BBB rating)
- 5‑year lease term plus five (5) additional 5‑year renewal options
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
$127,995
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
8.53%
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%
$2,559,900
$2.6M
Cap Rate 7%
$1,828,500
$1.8M
Cap Rate 9%
$1,422,167
$1.4M
Market Conditions
NOI Build-Up for 9,100 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
$199.8K $21.96/SF
− Vacancy
−$17.0K −$1.87/SF
EGI
$182.8K $20.09/SF
− OpEx
−$54.9K −$6.03/SF
NOI
$128.0K $14.07/SF
Area
Carroll County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$2,559,900
Cap Rate 7%
$1,828,500
Cap Rate 9%
$1,422,167
Alternative Uses
Best Use
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,241 @ 7.0% cap · market cap 9.75%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,995 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,066 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
205k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 10%
Superstores 8%
Groceries 8%
Chick-fil-A
Dining
33,690 visits/mo
0.1 miles
LongHorn Steakhouse
Dining
27,905 visits/mo
0.1 miles
McDonald's
Dining
27,370 visits/mo
0.1 miles
Big Lots
Superstores
17,209 visits/mo
0.4 miles
Wendy's
Dining
16,795 visits/mo
0.1 miles
Demographics for 30116, GA
24,497
Population
9,186
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
82%
High-School Grad
104.9 sq mi
ZIP Area
234
Density / Sq Mi
$74,208
Median Household Income
$42,211
Median Earnings
$1,113
Median Rent
$222,700
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?
Grocery and convenience store - Corporate-guaranteed NNN lease with contractual rent increases for a fully leased Dollar General store.
Where is this grocery and convenience store located?
The property is located at 1515 BANKHEAD HWY Carrollton, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 100% leased Dollar General property with a corporate‑guaranteed, triple net (NNN) lease; Dollar General Corporation‑backed lease structure with investment‑grade tenant credit (BBB rating); 5‑year lease term plus five (5) additional 5‑year renewal options
