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Dollar General - Chickamauga, GA 9181 W Highway 136 9,014 SF Retail Building Chickamauga, GA 30707 $879,000 ($97.51/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Replacement cost to develop a new Dollar General at this location is more than $2.0M
- Below market rent
EXECUTIVE SUMMARY
NEW PRICE- Financing Available
Marcus & Millichap is pleased to offer for sale the Dollar General in Chickamauga, Georgia. This investment opportunity is being offered at a price of $879,000 and a cap rate of 8.25%.
The 9,014 square foot property sits on 1.55 acres and was built in 2009. In 2019, Dollar General extended their double net lease to July 31, 2029 with four (4) additional five-year options.
This established neighborhood Dollar General is one of three locations in Chickamauga that has served the community since 2009. The replacement cost to develop a new Dollar General store at this location is more than $2.0 million.
Current lender will consider assignment of the current obligation to qualified investors
Marcus & Millichap is pleased to offer for sale the Dollar General in Chickamauga, Georgia. This investment opportunity is being offered at a price of $879,000 and a cap rate of 8.25%.
The 9,014 square foot property sits on 1.55 acres and was built in 2009. In 2019, Dollar General extended their double net lease to July 31, 2029 with four (4) additional five-year options.
This established neighborhood Dollar General is one of three locations in Chickamauga that has served the community since 2009. The replacement cost to develop a new Dollar General store at this location is more than $2.0 million.
Current lender will consider assignment of the current obligation to qualified investors
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2009
Price
$879,000
Price Per SF
$97.51
Cap Rate
8.25%
NOI
$72,490
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.55 AC
Zoning
CN - CN
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0256-031 | Improvements Assessment | $140,190 |
| Land Assessment | $20,150 | Total Assessment | $160,340 |
PROPERTY TAXES
Parcel Number
0256-031
Land Assessment
$20,150
Improvements Assessment
$140,190
Total Assessment
$160,340
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Dollar General - Chickamauga, GA | 9181 W Highway 136
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