21317 US Highway 82 - Convenience Store FOR SALE


Hortense, GA 31543
$981,000 USD
678-808-2762
21317 US Highway 82, Hortense, GA for Sale
$981,000 USD
Convenience Store - FOR SALE
1/3
null | 7.49% Cap Rate

21317 US Highway 82
Hortense, GA 31543


HIGHLIGHTS

  • Low Rent & Price Point Dollar General

OVERVIEW

LOW RENT & PRICE POINT DOLLAR GENERAL • The subject property has a low rent of $73,502 ($8/SF) that equates to a low price point under $1 million. TOP PERFORMING LOCATION | TOP 12% IN THE COUNTRY • The subject Dollar General supports 182.2K customers annually and ranks in the top 12% of all other Dollar Generals in GA and in the country. (Placer.ai) BRUNSWICK MSA | GATEWAY TO THE GOLDEN ISLES • This Dollar General is located 30 minutes west of Brunswick on Highway 82 (11,500 VPD). Highway 82 is a major highway connecting west GA to the coast. • Brunswick is located on a harbor of the Atlantic Ocean approximately 70 miles North of Jacksonville, FL and 70 miles south of Savannah, GA. • Brunswick is the second-largest urban area on the Georgia coast after Savannah and is the County seat of Glynn County. • The Port of Brunswick is one of the nation’s most productive ports on the Atlantic Coast and is the sixth busiest automobile port in the country, employing over 11,000 people in the area. • Brunswick is home to Gulfstream Aerospace, one of the world’s most recognized aircraft manufacturers. • The area is also home to one of the most impressive medical hubs in the region, a well-established manufacturing base and a new four-year college. THE GOLDEN ISLES (2.9 MILLION TOURISTS PER YEAR) • Located on the southeastern shore of the Atlantic Ocean, the Golden Isles is comprised of the city of Brunswick, Jekyll, St. Simons, Little St. Simon, and Sea Island. • The area’s beaches, resorts, shops, and historic sites attract visitors from around the world. The Golden Isles support over 2.9 million tourists annually who contribute over $1.1 Billion to the economy per year. CORPORATE NNN LEASE GUARANTEED BY AN INVESTMENT GRADE TENANT (S&P:BBB) • Dollar General signed a 15 year corporate guaranteed NNN lease in 2016. There are over 6.5 years remaining on the primary lease term. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the Four, 5-year option periods. • 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 $6.2 billion.

FOR SALE DETAILS

PRICE

$981,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

7.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Top 12% in the Country

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,684 SF

ZONING

-

APN/PARCEL ID

B065D-053

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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