DOLLAR GENERAL | MILLEDGEVILLE, GEORGIA
INVESTMENT SUMMARY
Purchase Price
$931,500
Location
207 Roberson Mill Road
Cap Rate
7.33%
Annual Rent
$68,340.00
Building Size
9,100 SF
Land Area
0.97 Acres (42,253 sf)
Ownership
Fee Simple
Lease Type
NN
Term Remainning
8.5 Years
LEASE EXPIRATION
09/30/2028
Renewal Options
RENT INCREASES
10% at Options
Parking
45 Spaces
Year Built
2003
APN
M34 011
Traffic Counts
23,600 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- Approximately 8.5 Years Remaining in the Current Lease Term
- 2003 Construction - Standard Dollar General Prototype - 9,100 SF
- Two (2) - Five (5) Year Option Periods
NN LEASE:
- Landlord Responsibilities Limited to Roof, Parking Lot & HVAC
- Tenant Provides $341.25 Per Month ($4,095 Per Year) for Parking Lot Expenses
- Tenant is Responsible for Minor Repairs Costing Less than $1,000 per Occurrence
- Tenant is Required to Carry a Quarterly Maintenance Contract to Service the HVAC Units
LOCATION:
- Located on Roberson Mill Road (23,600 Vehicles Per Day)
- Subject Property is Located 2.3 Miles from Georgia College (Total Enrollment = 6,915)
- Retailers in the Area Include: Chick-fil-A, Lowe's, Advance Auto Parts, Tractor Supply, Hobby Lobby, PetSmart, Walgreens, Starbucks, TJ Maxx, Burger King, Walmart, and Taco Bell
MILLEDGEVILLE, GEORGIA:
- The County Seat of Baldwin County
- Northeast of Macon and Bordered on the East by the Oconee River
- Gateway to Lake Sinclair (400 Miles of Shoreline) - Home to Over 80,000 Residents
- Ranked #5 on Budget Travel's "Top 10 Coolest Small Towns in America"
PROXIMITY TO MAJOR CITIES:
- Macon, Georgia | 30 Miles - 39 Minute Drive
- Athens, Georgia | 72 Miles - 1 Hour: 27 Minute Drive
- Augusta, Georgia | 90 Miles - 1 Hour: 42 Minute Drive
- Atlanta Georgia | 98 Miles - 1 Hour: 41 Minute Drive
- Columbus, Georgia | 128 Miles - 2 Hour: 23 Minute Drive