5714 Martha Berry hwy - Convenience Store FOR SALE


Rock Spring, GA 30739
$2,492,000 USD
678-808-2762
5714 Martha Berry hwy, Rock Spring, GA for Sale
$2,492,000 USD
Convenience Store - FOR SALE
1/3
null | 6.6% Cap Rate

5714 Martha Berry hwy
Rock Spring, GA 30739


HIGHLIGHTS

  • New upgraded construction Dollar General
  • 15 Yr NNN Corporate Lease with 5% bumps in Initial lease & options
  • Less than 2 miles from Georgia Northwestern College
  • Adjacent to New 135 Home subdivision development
  • Chattanooga MSA | 4th Largest City in TN
  • Investment Grade Tenant (S&P: BBB) w/ 20,000 Locations+

OVERVIEW

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 10,640 SF upgraded construction Dollar General located in Rock Spring, GA • This store is currently scheduled for delivery in November of 2024. 15 YR NNN CORPORATE LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS • This property features 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. • There are 100% no landlord responsibilities LESS THAN 2 MILES FROM GEORGIA NORTHWESTERN COLLEGE • The subject property is located on Highway 27 (16,300 VPD) less than 2 miles from Georgia Northwestern Technical College (13,734 students). ADJACENT TO NEW 135 HOME SUBDIVISION DEVELOPMENT • The subject property is located 1.5 miles from the Laurel Ridge subdivision. • This subdivision, which will feature 135 brand new two-story homes, is currently under construction and is scheduled to deliver in September 2024. CHATTANOOGA MSA | 4TH LARGEST CITY IN TN • This Dollar General is located 18 minutes south of downtown Chattanooga on Highway 27 (16,300 VPD). • Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people. • Chattanooga is one of the South’s top travel destinations, with The New York Times naming Chattanooga one of the “Top 45 Places to Go.” • 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy. • Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters. • Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force. INVESTMENT GRADE TENANT (S&P:BBB) W/ 20,000+ LOCATIONS • 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

$2,492,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Chattanooga MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

R2

APN/PARCEL ID

03291-021

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.