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- LoopNet Team
31 Lewis Cir
Cataula, GA 31804
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newly Extended 9-Year Lease
- Proven Location - Tenant Renewed Lease Early
- High Store Sales
- Corporately Guaranteed NN Lease
- Rare Rental Increase in 2023 | 10% in Options
- Five, 5-Year Options to Renew with Rent Increases
PROPERTY FACTS
ABOUT 31 LEWIS CIR , CATAULA, GA 31804
Dollar General signed a ten year NN corporately guaranteed lease which commenced in July of 2008. Due to the strong sales performance of this location, the tenant renewed the lease early in 2015 and again renewed early in 2019 to extend the lease term through July of 2028. The lease offers a ten percent rental increase in 2023 and five additional five-year options to extend with ten percent rental increases in each option. Under the lease, the tenant is responsible for the payment of all taxes and insurance on the property and pays a set amount of CAM every month for the parking lot maintenance. The landlord is responsible for any repairs to the roof and structure of the building.
PROPERTY TAXES
| Parcel Number | 062B016 | Improvements Assessment | $226,219 |
| Land Assessment | $32,970 | Total Assessment | $259,189 |
PROPERTY TAXES
