104 Hall St - Freestanding FOR SALE


Garfield, GA 30425
$1,100,000 USD
248-419-3657
104 Hall St, Garfield, GA for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/3
null | 7.6% Cap Rate

104 Hall St
Garfield, GA 30425


HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Three Mile Household Income $62,437
  • Corner Location
  • Limited Competition Area
  • Corporate Guaranty | Dollar General Corporation
  • 11 Years Remaining on Primary Term

OVERVIEW

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Garfield, Georgia. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. There are 11 years remaining on the primary term and Four (5 Year) Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in July 2019. This Dollar General is highly visible as it is strategically positioned at the corner of Georgia Hwy 23 and Hall St. The 10 mile population from the site is 6,955 and the 3 mile average household income is $62,437 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a brand new Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.60% cap rate based on NOI of $83,604. Instate Broker of Record: Brian Brockman | Bang Realty

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

005

APN/PARCEL ID

GA1-051

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.