Dollar General 219 S Main St 9,240 SF Retail Building Wagener, SC 29164 $1,020,000 ($110.39/SF) 7.20% Cap Rate

Colliers is pleased to offer qualified investors the opportunity to acquire this single-tenant net leased corporate Dollar General in the town of Wagener, South Carolina in the Augusta MSA. In April 2024, Dollar General signed a 10-year lease that commenced October 2024. The subject property recently underwent over a $200,000 renovation with exterior work, paint, HVAC replacements, parking lot work and more.
Dollar General Corporation which was founded in 1939 has an investment grade credit rating of BBB by S&P and is publicly traded on NYSE under the ticker DG. In total, Dollar General has +20,000 stores is ranked 111 on the Forbes list, employs over 193,000 people with stores across 48 states. Their low-cost concept is critical in the current high inflation environment. Dollar General is coming off an incredible Q1 in 2025. Net sales increased 5.3% to $10.4 B. Additionally, operating profit increased 5.5% to $576.1 Million. Given DG’s model focused on strategic pricing, the brand is making major headway. DG has lifted its performance outlook for 2025.
The subject property benefits from being located within the Augusta MSA, the third-largest MSA in Georgia, with a population of ±630,000 residents. Wagener benefits from being centrally located to Augusta and Columbia as it sits on major transportation routes such as U.S. 302. The economy has strong agriculture and agribusiness ties and there is major investment in the public facilities of the city including a $50.6M new high school to be completed in 2024.