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DOLLAR GENERAL | MILLEDGEVILLE, GEORGIA

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
Two (2) - Five (5) Year
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

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