356 Highway 114 - Freestanding FOR SALE


Summerville, GA 30747
$760,725 USD
561-602-8390
356 Highway 114, Summerville, GA for Sale
$760,725 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

356 Highway 114
Summerville, GA 30747


HIGHLIGHTS

  • High-Performing Dollar General: Single tenant is a top-performing Dollar General, delivering strong and consistent revenue.
  • New 5-Year Lease Extension: Dollar General’s recent 5-year lease extension without rent reduction signals long-term commitment.
  • Percentage Rent Revenue: Dollar General pays percentage rent in addition to base rent, enhancing income based on store sales.
  • High-Traffic Location: Positioned on busy Highway 114, ensuring excellent visibility and steady customer traffic.
  • Low-Risk Investment: Single-tenant property backed by Dollar General’s strong credit, offering stability and reliable returns.
  • Thriving Community: Located in Summerville, GA, a growing market with increasing demand for essential retail.

OVERVIEW

Colliers International is proud to present an exceptional High performing single-tenant, net-leased retail property located at 356 Highway 114, Summerville, GA 30747, exclusively leased to a high-performing Dollar General. This investment offers a compelling combination of stability, income growth, and strategic market positioning, making it an ideal acquisition for investors seeking secure, long-term returns. Backed by Dollar General’s strong corporate credit, the property features a recently extended 5-year lease without rent reduction, ensuring predictable cash flow through at least 2030. The lease structure includes percentage rent in addition to base rent, providing significant upside potential driven by the store’s robust sales performance. Positioned on the main thoroughfare through Summerville, the property benefits from its proximity to a city park, ball field, and public high school, which are proven drivers of convenience item sales at this location. The property’s prime location on Highway 114, a high-traffic corridor, ensures excellent visibility and accessibility, capturing consistent customer traffic as the last retail option for outbound travelers and the first for those entering town. With the nearest competing store 1.6 miles away in a substantially inferior location, this Dollar General enjoys a competitive edge in the local market. Summerville’s growing population and increasing demand for essential retail services further enhance the property’s long-term value. With its low-maintenance net lease structure and creditworthy tenant, this asset offers passive investors a secure income stream with minimal management responsibilities. This Dollar General property represents a rare opportunity to acquire a high-quality retail investment with immediate cash flow and strong growth potential in a dynamic community.

FOR SALE DETAILS

PRICE

$760,725 USD

PRICE/SF

$84 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8.00 Cap Dollar General pays Percentage Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

00S22-00000-096-00A

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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