118 Ratcliff Rd Brunswick, GA 31523

Property Details for 118 Ratcliff Rd

Year built

2024

Lot size

1.34 lot acres

Property size

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 10,640-square-foot Dollar General store located at 118 Ratcliff Rd, Brunswick, GA 31523. The property sits on a 1.34-acre lot and boasts a new 15-year NNN lease commencing September 1, 2024, and expiring September 30, 2039. The lease includes 5% rent bumps every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $169,752, representing a 6.40% cap rate on the $2,653,000 asking price. This is a "next-gen" Dollar General Market, offering an expanded product selection including fresh produce, milk, and meats, catering to a growing market. The strategic location at the intersection of Highway 82 and Ratcliff Rd, just two miles from Interstate 95 (64,100 vehicles per day), provides exceptional visibility and accessibility. The surrounding area demonstrates strong demographics, with a 5-mile population of 11,238 and an 18.02% growth rate, coupled with an average household income of $86,312. Brunswick's thriving economy, fueled by tourism, the Port of Brunswick, Gulfstream Aerospace, and a robust medical hub, further enhances the investment's appeal. Dollar General, a Fortune 500 company with an S&P investment-grade credit rating of BBB, is a financially stable and reliable tenant. This property offers a compelling combination of strong tenant, favorable lease terms, and a prime location in a rapidly growing coastal Georgia market. The tenant is 100% responsible for all expenses, including taxes, insurance, CAM, roof, and structure. This is a turnkey investment opportunity with significant long-term potential.

Location Insight

City

Brunswick

County

Glynn

State

Georgia

Longitude

-81.6037

Latitude

31.1683