106 Salem Church Rd SW - Storefront FOR SALE


Milledgeville, GA 31061
$2,280,000 USD
678-808-2762
106 Salem Church Rd SW, Milledgeville, GA for Sale
$2,280,000 USD
Storefront - FOR SALE
1/3
null | 6.6% Cap Rate

106 Salem Church Rd SW
Milledgeville, GA 31061


OVERVIEW

15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES • This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. • This store is currently under construction and is scheduled to deliver in November 2024. HARD CORNER LOCATION ON HIGHWAY 49 | CONNECTOR TO MACON, GA • This Dollar General is positioned on Highway 49 (6,460 VPD) at a hard corner only 20 minutes away from Macon, GA. Highway 49 serves as the primary highway connecting Milledgeville to Macon. • The subject property is also 7 miles from Highway 441 (20,800 VPD), which serves as a major regional thoroughfare. • Nicknamed “The Heart of Georgia”, Macon is the county seat of Bibb County and is widely regarded as the premier middle Georgia sub-market. • Serving as a midpoint between Atlanta and Savannah, Macon is the state’s fourth-largest metro with residents in Bibb, Crawford, Jones, Monroe, and Twiggs counties. • Macon is home to Robins Air Force Base, the largest single-site industrial complex in Georgia. The base has an annual federal payroll of more than $1 billion and is home to the Warner Robins Air Logistics Complex. MILLEDGEVILLE | COUNTY SEAT OF BALDWIN COUNTY • Milledgeville, the county seat of Baldwin County, is strategically situated in the heart of Georgia, Located 20 minutes northeast of Macon and 1.5 hours southeast of Atlanta. • The city benefits from its strategic position along the Fall Line Freeway, a vital corridor connecting Milledgeville to major cities such as Augusta, Macon, Columbus, and other significant Fall Line Cities, enhancing its accessibility and regional connectivity. • Milledgeville is home to three colleges, Georgia College & State University, Georgia Military College, and Central Georgia Technical College, boasting a combined student enrollment of over 19,500. INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B

FOR SALE DETAILS

PRICE

$2,280,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Warner Robins MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.33 AC

LAND SF

144,853 SF

ZONING

C1

APN/PARCEL ID

021-083A

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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

Don McMinnMarcus & MillichapMore Info
678-808-2762

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