Property summary
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,606 square foot Dollar General PLUS store, constructed in 2023 in Sylvania, Georgia (30467). Located at 383 Halcyondale Rd, this property benefits from a 14-year remaining lease term (initial 15.1-year lease commencing August 13, 2023, expiring August 31, 2038) with an absolute NNN lease structure, eliminating management responsibilities. The tenant, Dollar General Corporation, boasts a BBB (S&P) investment-grade credit rating and provides a corporate guarantee. The property features five, 5-year lease options, each with a 10% rent increase. The current annual net operating income (NOI) is $133,500, yielding a 6.75% cap rate on the $1,977,777 asking price. The 2.16-acre lot is situated across from Screven County High School, ensuring significant traffic. The location's average household income of $75,479 aligns with Dollar General's target demographic. This is a premium-built Dollar General PLUS store (not a standard prototype), reflecting the tenant's projection of above-average sales volume. The 100% occupancy rate and strong tenant history make this a compelling investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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