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Dollar General 11510 Luthersville Rd 7,620 SF Retail Building Gay, GA 30218 $1,079,500 ($141.67/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN With No Landlord Responsibilities Located at the Heavily Trafficked Intersection of Highway 85 and Luthersville Road With 3,500 VPD.
- This Location Benefits from Being the Only Dollar Store within a 9-Mile Radius, Providing Long Term Tenant Security.
- Positioned 40-Miles from Atlanta International Airport - the Busiest Airport in the World with Over 104 Million Passengers Annually.
- Dollar General has 8.75 Years Remaining on the Base Term of the Lease with 10% Rent Increases In Each Option, as a Hedge Against Inflation.
- Located Just One Hour South From Atlanta, The Most Populous MSA in the State and the 6th Most Populous Area in the U.S.
EXECUTIVE SUMMARY
This corporately guaranteed Dollar General investment offers a rare opportunity to acquire a passive, inflation-hedged asset in a strategic Georgia location. Built in 2019, the property spans 7,620 square feet on a 2-acre parcel at the high-traffic intersection of Highway 85 and Luthersville Road, with over 3,500 vehicles passing daily. The lease is structured as Absolute NNN, eliminating landlord responsibilities and ensuring stable cash flow.
With 8.75 years remaining on the original 15-year lease term and five 5-year renewal options, the asset benefits from 10% rent escalations in each option period, providing a built-in hedge against inflation. Dollar General’s corporate guarantee adds further security, backed by a BBB credit rating and a footprint of over 20,000 stores nationwide.
The property is located just one hour south of Atlanta, the sixth-largest metro in the U.S., and only 40 miles from Hartsfield-Jackson Atlanta International Airport. The surrounding area is experiencing steady population growth, with projections exceeding 1% within a 1-mile radius through 2028. Average household income within the same radius surpasses $75,000, supporting strong retail fundamentals.
This location enjoys limited competition, being the only dollar store within a 9-mile radius, enhancing tenant retention and long-term viability. Ideal for investors seeking a recession-resistant asset with predictable returns and minimal management.
With 8.75 years remaining on the original 15-year lease term and five 5-year renewal options, the asset benefits from 10% rent escalations in each option period, providing a built-in hedge against inflation. Dollar General’s corporate guarantee adds further security, backed by a BBB credit rating and a footprint of over 20,000 stores nationwide.
The property is located just one hour south of Atlanta, the sixth-largest metro in the U.S., and only 40 miles from Hartsfield-Jackson Atlanta International Airport. The surrounding area is experiencing steady population growth, with projections exceeding 1% within a 1-mile radius through 2028. Average household income within the same radius surpasses $75,000, supporting strong retail fundamentals.
This location enjoys limited competition, being the only dollar store within a 9-mile radius, enhancing tenant retention and long-term viability. Ideal for investors seeking a recession-resistant asset with predictable returns and minimal management.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,620 SF
Building Class
B
Year Built
2019
Price
$1,079,500
Price Per SF
$141.67
Cap Rate
7.25%
NOI
$78,264
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.00 AC
Parking
13 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
393’ on Luthersville Road
PROPERTY TAXES
| Parcel Number | 144 - -018-002 | Improvements Assessment | $357,720 |
| Land Assessment | $30,000 | Total Assessment | $387,720 |
PROPERTY TAXES
Parcel Number
144 - -018-002
Land Assessment
$30,000
Improvements Assessment
$357,720
Total Assessment
$387,720
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Dollar General | 11510 Luthersville Rd
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