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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



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.
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
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 00S22-00000-096-00A | Improvements Assessment | $197,880 |
| Land Assessment | $25,480 | Total Assessment | $223,360 |
Property Taxes
Parcel Number
00S22-00000-096-00A
Land Assessment
$25,480
Improvements Assessment
$197,880
Total Assessment
$223,360
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8.00 Cap Dollar General pays Percentage Rent | 356 Highway 114
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