DOLLAR GENERAL | WINDER, GEORGIA

Purchase Price
$1,678,400
Location
155 W Athens Street
Cap Rate
6.75%
Annual Rent
$113,310.00
Building Size
10,773 SF
Land Area
2.32 Acres (101,059 SF)
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
7 Years
LEASE EXPIRATION
06/30/2027
Renewal Options
Four (4) - Five (5) Year
RENT INCREASES
3% Year 11 & 10% at Options
Parking
43 Spaces
Year Built
2012
APN
WN12 427A
Traffic Counts
13,100 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE GUARANTEED LEASE:

  • Approximately 7 Years Remaining in the Initial 15 Year Lease Term
  • 2012 Construction - 10,773 SF
  • Rare Guaranteed 3% Rental Increase in Year 11 of the Initial Term (2022)
  • Four (4) - 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
 

RELOCATION "PLUS STORE" - PROVEN MARKET | LOW RENT:

  • Subject Property is a Relocation of an Established Store in the Winder Market
  • 10,773 SF Store - 20% Larger than Standard Dollar General Prototype (9,100 SF)
 

UPGRADED CONSTRUCTION - ALL BRICK:

  • Four Sided All-Brick Construction
 

PROXIMITY TO OTHER MAJOR CITIES:

  • Athens, Georgia | 25 Miles - 31 Minute Drive
  • Alpharetta, Georgia | 41 Miles - 1 Hour Drive
  • Atlanta, Georgia | 50 Miles - 1 Hour: 2 Minute Drive
  • Marietta, Georgia | 57 Miles - 1 Hour: 13 Minute Drive
  • Augusta, Georgia | 118 Miles - 2 Hour: 7 Minute Drive
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 5,394 Residents; $47,798 Average Household Income
  • 1-Mile Annual Population Growth - 2.54% (12.70% Over the Next 5 Years)
  • 3-Mile Population = 25,761 Residents; $55,235 Average Household Income
  • 3-Mile Annual Population Growth - 2.56% (12.80% Over the Next 5 Years)
  • 5-Mile Population = 45,958 Residents; $62,255 Average Household Income
  • 5-Mile Annual Population Growth - 2.54% (12.70% Over the Next 5 Years)

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