Historical Retail Sale Listing - Dollar General

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Dollar General

1784 Buchanan Highway, Cedartown, GA 30125

N/A

9,100 SF | Retail

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Actual Store Under Construction

Retail Property - Off Market

Price:
N/A
Building Size:
9,100 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
7%
Tenancy:
Single
Listing ID
18017496
Last Updated
245 days ago

Highlights

  • 15-Year Absolute NNN Lease
  • 3% Increase in Year 11 | 10% Increase in Option Periods
  • No Landlord Responsibilities
  • Brand New Build to Suit | Estimated Delivery April 2013
  • Investment Grade Tenant (Rated 'BBB-' by S&P)
  • Attractive Suburban Atlanta, GA Location (50 Miles NW of City)

Description

Marcus & Millichap is pleased to present the Dollar General in Cedartown (Polk County), Georgia. Cedartown is located approximately fifty miles Northwest of Atlanta, GA. Cedartown, the county seat for Polk County, was
incorporated on February 8, 1854. Cedartown's median household income has increased 27.9% since 2000.

Dollar General will occupy a brand new 9,100 square-foot freestanding building and operate under a 15-year Absolute NNN lease with a 3% increase in year 11 plus 10% increases at the beginning of each of the three, 5-year option periods. The tenant is responsible for all maintenance of the premises as well as insurance and tax expenses. This store is currently under construction with an expected delivery date of April 2013.

Dollar General is a growing Fortune 500 company (#188), with over $14.8 Billion in revenue, and 37 percent growth since the Great Recession began. Dollar General' s credit rating was recently upgraded to Investment Grade (BBB-) by Standard & Poors, and it is publicly traded on the New York Stock Exchange under the ticker symbol, "DG". This chain commands over 10,000+ locations nationwide and has a net worth in excess of $4 billion.

While many retailers continue to struggle in today' s challenging economic climate, Dollar General is scheduled to 635 stores in 2013.

Map of 1784 Buchanan Highway, Cedartown, GA 30125 (Polk County)

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Created 2/7/2013