This property is Off-Market

1784 Buchanan Highway
Cedartown, GA 30125 ·

9,100 SF · Retail For Sale

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Dollar General

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 9,100 SF Construction Status Under Construction/Proposed
Property Type Retail Cap Rate 7%
Property Sub-type Free Standing Bldg Tenancy Single
Listing ID: 18017496 Date Created: 02/07/2013 Last Updated: 08/16/2013

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.

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)

Research

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

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