This Retail Property is Off-Market.

1910 Jodeco Road
Stockbridge, GA 30281 ·

9,100 SF · Retail For Sale

N/A

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Dollar General - Metro Atlanta

Price N/A Cap Rate 8.50%
Building Size 9,100 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2009
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.07 AC
Listing ID: 16181364 Date Created: 04/06/2009 Last Updated: 09/09/2009

Description

The Tenant is signed to a new 10-year NN lease, plus 5, 5-year options to extend thereafter. Each option to extend comes with a 10% increase in rent. Tenant shall be responsible for reimbursing Landlord for real estate taxes, property insurance, and common area maintenance expenses. In addition, Tenant shall maintain, repair and replace the HVAC equipment, at their own expense.

Goodlettsville, Tenn.-based Dollar General Corporation is the nation' s largest small-box discount retailer.

The subject property is a brand new Dollar General, being constructed at the NEC of Jodeco Road and McCurry Road in Stockbridge, GA. Stockbridge is a thriving suburb, located approximately 20 minutes south of Atlanta. The building, scheduled to be completed in May, will be 2-side brick and is strategically located in front of a residential community, across the street from Community Christian Church, and about 1/3 mile west of the newly constructed retail development known as Jodeco Village. The property will benefit from being located on Jodeco Road which boasted an average daily traffic count of 11,650 in 2005. Stockbridge is located in Henry County, the 2nd fastest growing county in the state, and the 4th fastest in the nation.

Approximately 1/4 mile away, at the SWC of I-75 and Jodeco Road, is planned the Summit Henry County, a proposed open air retail development that will be between 500,000 - 850,000 square feet of high end retail space. The project is estimated to begin construction in mid-2010.

Highlights

  • Brand New 2-Side Brick Construction - Scheduled to Open in June
  • Metro Atlanta Location - 79,000+ Residents in a 5-Mile Radius
  • Tenant Maintains/Replaces HVAC at Own Expense
  • 1/4 Mile from Proposed 500,000+ SF Open Air Retail Development to Begin in 2010
  • Corner Location Near Brand New Retail Development
  • Located in the 4th Fastest Growing County in the Nation; Henry County

Research

1910 Jodeco Road, Stockbridge, GA 30281 (Henry County)

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