DOLLAR GENERAL | DOUGLAS , GEORGIA
INVESTMENT SUMMARY
Purchase Price
$1,181,247
Location
4074 Willacoochee Highway
Cap Rate
6.50%
Annual Rent
$76,781.04
Building Size
9,100 SF
Land Area
1.72 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
9.25 Years
LEASE EXPIRATION
02/28/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
37 Spaces
Year Built
2015
APN
0101 - 1137-C
Traffic Counts
4,792 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 9.25 Years Remaining in the Initial 15 Year Lease Term
- 2015 Construction - 9,100 SF
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
PROXIMITY TO OTHER MAJOR CITIES:
- Macon, Georgia | 114 Miles - 2 Hour: 5 Minute Drive
- Jacksonville, Florida | 120 Miles - 2 Hour: 13 Minute Drive
- Tallahassee, Florida | 126 Miles - 2 Hour: 42 Minute Drive
- Savannah, Georgia | 134 Miles - 2 Hour: 30 Minute Drive
- Augusta, Georgia | 156 Miles - 3 Hour: 10 Minute Drive
- Atlanta, Georgia | 198 Miles - 3 Hour: 15 Minute Drive
- Charleston, South Carolina |234 Miles - 4 Hour: 12 Minute Drive
TRADE AREA DEMOGRAPHICS:
- 3-Mile Population = 5,008 Residents
- 3-Mile Average Household Income = $68,326
- 5-Mile Population = 12,908 Residents
- 5-Mile Average Household Income = $56,015
- 7-Mile Population = 24,599 Residents
- 7-Mile Average Household Income = $56,406
GENERAL COFFEE STATE PARK:
- One of Southern Georgia's "Best Kept Secrets," This Park is Known for Agricultural History Shown at Heritage Firm, with Log Cabins, a Corn Crib, Tobacco Barn, Cane Mill and Other Exhibits
- Overnight Accommodations Include Camping, Cottages and the Burnham House, an Elegantly Decorated 19th-Century Cabin
- Seventeen-Mile River and a Boardwalk Wind Through Cypress Swamp Where Rare and Endangered Plants Grow
- Pitcher Plants, Indigo Snakes and Gopher Tortoises Make Their Homes in This Wiregrass Community
- For Horse Lovers, the Park Offers 13.4 Miles of Equestrian Trails
- The Park was Donated to the State by a Group of Coffee County Citizens in 1970 and is Named After General John Coffee, a Planter, U.S. Congressman and Military Leader
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,000 Stores in 46 States as November 14, 2020
- Dollar General Achieved Their 30th Consecutive Year of Positive Same Store Sales Growth in 2019
- In 2021, Dollar General Plans to Execute 2,900 Real Estate Projects, Including 1,050 New Store Openings, 1,750 Remodels, and 100 Store Relocations
- Ranked #112 on the Fortune 500 List - Up 7 from Last Year (Dollar General has Moved Up the Fortune 500 List for 11 Consecutive Years)