DOLLAR GENERAL | CHICKAMAUGA, GEORGIA

Purchase Price
$490,000
Location
2682 Johnson Rd
Cap Rate
8.32%
Annual Rent
$40,800.00
Building Size
8,000 SF
Land Area
1.04 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5.5 Years
LEASE EXPIRATION
05/31/2027
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
At Options
Parking
30 Spaces
Year Built
2001
APN
0164 018B
Traffic Counts
3,461 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 5.50Years Remaining in the Existing Lease Term
  • Two (2) - Five (5) Year Option Periods with Rental Increases
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Structure and Parking Lot
 

RECENT LEASE EXTENSION | STRONG OPERATING HISTORY:

  • In February 2021, Dollar General Extended the Lease for an Additional 6 Years (05/31/2027)
  • Dollar General Has Been Operating at this Location for 20+ Years
 

PROXIMITY FROM CHICKAMAUGA, GA:

  • Chattanooga, Tennessee | 15 Miles
  • Huntsville, Alabama | 105 Miles
  • Atlanta, Georgia | 113 Miles
  • Knoxville, Tennessee | 119 Miles
  • Nashville, Tennessee | 143 Miles
  • Columbus, Georgia | 195 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 3,663 Residents
  • 1-Mile Average Household Income = $61,395
  • 3-Mile Population = 13,622 Residents
  • 3-Mile Average Household Income = $61,325
  • 5-Mile Population = 29,511 Residents
  • 5-Mile Average Household Income = $62,825
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 17,683 Stores in 46 States as of July 30, 2021
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

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