1348 Sammons St - Freestanding FOR SALE


Damascus, GA 39841
$1,200,000 USD
949-506-5027
1348 Sammons St, Damascus, GA for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/5
null | 7.09% Cap Rate

1348 Sammons St
Damascus, GA 39841


HIGHLIGHTS

  • 9.5 Years Remaining | Scheduled Rental Increases Corporate Guaranteed
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Hard Corner Intersection | Limited Competition | Southwest Georgia Academy | Excellent Visibility & Access

OVERVIEW

• Dollar General has 9.5 years remaining on their current lease with 5 (5-Year) options to extend, demonstrating their commitment to the site • The lease features 10% increases at the beginning of each option, growing NOI and hedging against inflation • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location as of August 2024

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 9yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

General Commercial

APN/PARCEL ID

D020C03006

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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