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8.00 Cap Dollar General pays Percentage Rent 356 Highway 114 9,100 SF Retail Building Summerville, GA 30747 $760,725 ($83.60/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High-Performing Dollar General: Single tenant is a top-performing Dollar General, delivering strong and consistent revenue.
  • Percentage Rent Revenue: Dollar General pays percentage rent in addition to base rent, enhancing income based on store sales.
  • Low-Risk Investment: Single-tenant property backed by Dollar General’s strong credit, offering stability and reliable returns.
  • New 5-Year Lease Extension: Dollar General’s recent 5-year lease extension without rent reduction signals long-term commitment.
  • High-Traffic Location: Positioned on busy Highway 114, ensuring excellent visibility and steady customer traffic.
  • Thriving Community: Located in Summerville, GA, a growing market with increasing demand for essential retail.

EXECUTIVE SUMMARY

Colliers International is proud to present an exceptional High performing single-tenant, net-leased retail property located at 356 Highway 114, Summerville, GA 30747, exclusively leased to a high-performing Dollar General. This investment offers a compelling combination of stability, income growth, and strategic market positioning, making it an ideal acquisition for investors seeking secure, long-term returns. Backed by Dollar General’s strong corporate credit, the property features a recently extended 5-year lease without rent reduction, ensuring predictable cash flow through at least 2030. The lease structure includes percentage rent in addition to base rent, providing significant upside potential driven by the store’s robust sales performance. Positioned on the main thoroughfare through Summerville, the property benefits from its proximity to a city park, ball field, and public high school, which are proven drivers of convenience item sales at this location.
The property’s prime location on Highway 114, a high-traffic corridor, ensures excellent visibility and accessibility, capturing consistent customer traffic as the last retail option for outbound travelers and the first for those entering town. With the nearest competing store 1.6 miles away in a substantially inferior location, this Dollar General enjoys a competitive edge in the local market. Summerville’s growing population and increasing demand for essential retail services further enhance the property’s long-term value. With its low-maintenance net lease structure and creditworthy tenant, this asset offers passive investors a secure income stream with minimal management responsibilities. This Dollar General property represents a rare opportunity to acquire a high-quality retail investment with immediate cash flow and strong growth potential in a dynamic community.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2005
Price
$760,725
Price Per SF
$83.60
Cap Rate
8%
NOI
$60,858
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.73 AC
Parking
27 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
128’ on HWY 114

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Ingles Markets
United Community Bank
Regions Bank
Jefferson's Restaurant
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00S22-00000-096-00A
Land Assessment
$21,240
Improvements Assessment
$200,560
Total Assessment
$221,800
  • Listing ID: 35581197

  • Date on Market: 4/22/2025

  • Last Updated:

  • Address: 356 Highway 114, Summerville, GA 30747

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