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    606 Van Streat Hwy Nicholls, GA 31554

    For Sale
    $1,737,000

    High-yield NNN lease; strong tenant.

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents the fee-simple ownership of a brand-new Dollar General Plus store in Nicholls, Georgia. Located at 606 Van Streat Hwy, this 10,640 square foot building sits on a 1.65-acre corner lot, boasting high visibility with over 5,685 vehicles passing daily. Constructed in 2023 with upgraded brick and Hardie plank exterior, the property surpasses the standard Dollar General design. The property benefits from a 15-year NNN lease with Dollar General Corporation, a leading discount retailer with an investment-grade credit rating (BBB/Stable by S&P). The lease commenced November 2023 and includes five, five-year renewal options with 10% rent increases at each option. This represents a secure, passive income stream, projected to generate a 6.75% cap rate and $117,228 in net operating income (NOI). The asking price is $1,737,000, translating to $163.25 per square foot. This represents a relocation and expansion for Dollar General, reflecting the growing market demand. The long-term lease and strong tenant provide exceptional security and return for investors seeking a low-maintenance, high-return investment. The property offers a compelling combination of passive income, strong tenant credit, and significant long-term growth potential.

    Property Features for 606 Van Streat Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF
    Lot Size
    71,874 SF

    Building Details

    Year Built
    2023

    HighLights

    • $1,737,000 asking price for a 10,640 SF Dollar General Plus grocery store in Nicholls, GA.
    • NNN lease with corporate guarantee from Dollar General (S&P: BBB/Stable).
    • 15‑year lease commencing November 2023, with five 5‑year options at 10% rent increases each.
    • 6.75% cap rate and $117,228 NOI.
    • New construction (2023) on a 1.65‑acre corner lot with high visibility.
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Nicholls
    County
    Coffee
    State
    Georgia
    Longitude
    -82.6394046
    Latitude
    31.5172104

    Nearby Comparable

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    Nearby Similar for Sale

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      Nicholls, GA Commercial Building

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN lease; strong tenant.
    Where is this individual retail property located?
    The property is located at 606 Van Streat Hwy Nicholls, GA.
    What is the asking price?
    The asking price for this property is $1,737,000.
    What are key features of this property?
    This property features: $1,737,000 asking price for a 10,640 SF Dollar General Plus grocery store in Nicholls, GA.; NNN lease with corporate guarantee from Dollar General (S&P: BBB/Stable).; 15-year lease commencing November 2023, with five 5-year options at 10% rent increases each.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    606 Van Streat Hwy Nicholls, GA 31554
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