105 N Liberty St
Nicholls, GA 31554
Extended Dollar General | Long Term Tenant · Retail Property For Sale

Fortis Net Lease is pleased to present this 8,000 SF Dollar General store located in Nicholls, GA. The property is encumbered with a Seven and a Half (7.5) Year NN Lease, leaving limited landlord responsibilities. The lease contains One (5) Yr. Options to renew, with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , which is classified as Investment Grade. The store has been operating in the building since February 1999 and recently extended the lease through January 2024. Dollar General recently remodeled the store, at their expense, again showing a firm commitment to the site. This Dollar General will be highly visible and as it is strategically positioned on N. Liberty St, in Nicholls, GA. Located in the heart on Nicholls, this store has been operating and successful for over 17 years. The five mile population from the site exceeds 4,500 and has a positive growth expectation, while the one mile median household income exceeds $30,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 8.40% cap rate based on NOI of $39,865.