118 Ratcliffe Rd, Brunswick, GA 31523

Property Details for 118 Ratcliffe Rd

Year built

2024

Lot size

1.34 lot acres

Property type

Retail properties & Spaces

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Market in Brunswick, Georgia. Located at the intersection of Highway 82 and Ratcliff Road, just two miles from Interstate 95 (64,100 VPD), this property benefits from significant traffic volume. The 15-year absolute NNN lease, commencing September 1, 2024, and expiring September 1, 2039, includes 5% rent increases every five years, ensuring consistent income growth. The tenant, Dollar General (NYSE: DG), a Fortune 500 company with an S&P investment-grade credit rating of BBB, is responsible for all operating expenses, including taxes, insurance, CAM, roof, and building structure. This "next-gen" Dollar General Market offers an expanded product selection, including fresh produce, milk, meat, and groceries, catering to a broader customer base. The property sits on a 1.34-acre lot and boasts a strong cap rate of 6.40% with a current NOI of $169,752. The surrounding area demonstrates robust demographics, with a 5-mile population of 11,238 experiencing 18.02% growth and an average household income of $86,312. Brunswick's prime coastal location, gateway to the Golden Isles, offers significant economic advantages, including a thriving tourism sector and the presence of major employers like the Port of Brunswick and Gulfstream Aerospace. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and exceptional growth potential. The asking price is $2,653,000, translating to $249.34 per square foot.

Location Insight

City

Brunswick

County

Glynn

State

Georgia

Longitude

-81.6037

Latitude

31.1683