194 Depot St - Storefront FOR SALE


Pineview, GA 31071
$1,270,000 USD
949-506-5027
194 Depot St, Pineview, GA for Sale
$1,270,000 USD
Storefront - FOR SALE
1/5
null | 7.01% Cap Rate

194 Depot St
Pineview, GA 31071


HIGHLIGHTS

  • 8 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 8 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 property was recently remodeled which included updating fixtures, adding additional coolers and interior paint • The remodel also included the addition of a Produce Section • 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

$1,270,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 8yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

General Commercial

APN/PARCEL ID

023B0-00000-112-000

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.