Current Use by Public Records
- Retail properties & Spaces
Property Details for 17 Tbd Us Hwy
- Year built
- 2024
- Lot size
- 2.20 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,640-square-foot Dollar General convenience store located in Kingsland, Georgia, on a 2.2-acre lot. The property boasts a strong 6.40% cap rate and a substantial net operating income (NOI) of $152,448. Built in 2024, this is a "next-gen" Dollar General with a 15-year absolute NNN lease, providing significant investor security. The lease includes five, 5-year options with a 5% rent increase every 5 years, ensuring consistent income growth. The tenant, Dollar General, is a Fortune 500 company with an S&P investment-grade credit rating of BBB, minimizing risk. The property's strategic location is just two miles from Interstate 95 (64,800 VPD) and two miles from a primary retail corridor featuring major national retailers like Publix, Lowe's, and Walmart. Its proximity to Jacksonville, Florida, and the Naval Submarine Kings Bay Base further enhances its appeal. Kingsland's thriving economy, fueled by manufacturing, agriculture, tourism, and the military, provides a robust market for this retail location. The property is scheduled for completion in September 2024, offering immediate return on investment. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a blue-chip tenant in a rapidly growing coastal Georgia market. The asking price is $2,382,000, translating to $223.87 per square foot. All expenses, including taxes, insurance, CAM, roof, and structure, are the sole responsibility of the tenant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsland
- County
- Camden
- State
- Georgia
- Longitude
- -81.6897
- Latitude
- 30.7977
