Dollar General- NNN - Low Rents

Coldwell Banker Commercial- Metro Brokers is pleased to present this brand new 9,002 SF. Dollar General store located in Cairo, Georgia. The property is incombered by the original Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities that commenced in 2016. The lease contains 10% rent increases at each of the 5 (5 Year) Options to renew. The lease is a corporate guarantee by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. Placer.ai estimates the annual revenue at the store about $2.4M which yields a very healthy rent to sales ration of under 4%, This Dollar General is highly visible as it is strategically positioned on N. Broad Street with about 8,000 cars per day and within 3-,iles of downtown Cairo. The 10 mile population from the site is 24,663 while the 5-mile average household income is $70,123 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.00% cap rate based on the NOI of $84,742.00