1222 E GA 32 Hwy E - Convenience Store FOR SALE


Alma, GA 31510
$2,036,909 USD
734-755-6359
1222 E GA 32 Hwy E, Alma, GA for Sale
$2,036,909 USD
Convenience Store - FOR SALE
1/4
null | 6.6% Cap Rate

1222 E GA 32 Hwy E
Alma, GA 31510


HIGHLIGHTS

  • Brand New 15 Year Absolute NNN Lease.
  • 5% RENT INCREASES EVERY 5 YEARS!!
  • Located off Main Thoroughfare seeing 5,789 VPD.
  • 2024 BTS Plus Size | Plus Size & Upgraded Exterior Design.
  • Ten Mile Population 11,627
  • 5 (5 Year) Options | 5% Increases At Each Option

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Plus store located in Alma, Georgia with an upgraded exterior design. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction & opened to the public in April 2024. This Dollar General is highly visible as it is strategically positioned on GA Hwy 32 which sees 5,789 cars per day, a main thoroughfare into downtown Alma. The 10 mile population from the site is 11,627 while the 3 mile average household income is $47,206 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 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 small box discount retailer. List price reflects a 6.60% cap rate based on NOI of $134,436.

FOR SALE DETAILS

PRICE

$2,036,909 USD

PRICE/SF

$191 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

CROSS STREETS

Dedge Farm Rd

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

C-1

APN/PARCEL ID

042-226018-1

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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