167 Butler Ave - Freestanding FOR SALE


Midway, GA 31320
$1,436,200 USD
201-600-3237
167 Butler Ave, Midway, GA for Sale
$1,436,200 USD
Freestanding - FOR SALE
1/3
null | 8.05% Cap Rate

167 Butler Ave
Midway, GA 31320


HIGHLIGHTS

  • Corporate Lease with Investment Grade Credit Tenant
  • Upgraded Brick Construction
  • Rare Rent Increases in the Primary Term | 5% Rent Bump in 2025
  • Recent Lease Extension Showing Tenant Commitment to the Site
  • Retailers Nearby Include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner, Pizza Peddler and more
  • Midway, GA is Located Approximately 30 Miles Southwest of Savannah, GA

OVERVIEW

CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar General located in Midway, GA. The 12,480 square foot property sits on 1.45 acres. The property is subject to a double net lease with over five years of firm term remaining. The lease is corporately guaranteed by Dollar General which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. The tenant recently completed a five year lease extension showing commitment to the site. There is a 5% rent increase in 2025 and in the first option. The remaining options all feature 10% rent increases. The subject property is positioned near the intersection of Butler Ave and E Oglethorpe Highway which sees roughly 10,600 vehicles per day. Retailers nearby include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner and more. Live Oak Villas, a 60 unit apartment complex, is located less than one-half mile from the subject property. There are approximately 8,700 people residing within five miles of the subject property.

FOR SALE DETAILS

PRICE

$1,436,200 USD

PRICE/SF

$115 USD /SF

CAP RATE

8.05%

% 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

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

B2

APN/PARCEL ID

213D-054

ASK ABOUT THIS PROPERTY

Karly IaconoCBREMore Info
201-600-3237

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Karly IaconoCBREMore Info
201-600-3237

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