Dollar General | Warner Robins MSA | 106 Salem Church Rd SW
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Dollar General | Warner Robins MSA 106 Salem Church Rd SW
10,640 SF Retail Building Milledgeville, GA 31061 $2,280,000 ($214/SF) 6.60% Cap Rate
Executive Summary
15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES
• This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• This store is currently under construction and is scheduled to deliver in November 2024.
HARD CORNER LOCATION ON HIGHWAY 49 | CONNECTOR TO MACON, GA
• This Dollar General is positioned on Highway 49 (6,460 VPD) at a hard corner only 20 minutes away from Macon, GA. Highway 49 serves as the primary highway connecting Milledgeville to Macon.
• The subject property is also 7 miles from Highway 441 (20,800 VPD), which serves as a major regional thoroughfare.
• Nicknamed “The Heart of Georgia”, Macon is the county seat of Bibb County and is widely regarded as the premier middle Georgia sub-market.
• Serving as a midpoint between Atlanta and Savannah, Macon is the state’s fourth-largest metro with residents in Bibb, Crawford, Jones, Monroe, and Twiggs counties.
• Macon is home to Robins Air Force Base, the largest single-site industrial complex in Georgia. The base has an annual federal payroll of more than $1 billion and is home to the Warner Robins Air Logistics Complex.
MILLEDGEVILLE | COUNTY SEAT OF BALDWIN COUNTY
• Milledgeville, the county seat of Baldwin County, is strategically situated in the heart of Georgia, Located 20 minutes northeast of Macon and 1.5 hours southeast of Atlanta.
• The city benefits from its strategic position along the Fall Line Freeway, a vital corridor connecting Milledgeville to major cities such as Augusta, Macon, Columbus, and other significant Fall Line Cities, enhancing its accessibility and regional connectivity.
• Milledgeville is home to three colleges, Georgia College & State University, Georgia Military College, and Central Georgia Technical College, boasting a combined student enrollment of over 19,500.
INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B
• This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• This store is currently under construction and is scheduled to deliver in November 2024.
HARD CORNER LOCATION ON HIGHWAY 49 | CONNECTOR TO MACON, GA
• This Dollar General is positioned on Highway 49 (6,460 VPD) at a hard corner only 20 minutes away from Macon, GA. Highway 49 serves as the primary highway connecting Milledgeville to Macon.
• The subject property is also 7 miles from Highway 441 (20,800 VPD), which serves as a major regional thoroughfare.
• Nicknamed “The Heart of Georgia”, Macon is the county seat of Bibb County and is widely regarded as the premier middle Georgia sub-market.
• Serving as a midpoint between Atlanta and Savannah, Macon is the state’s fourth-largest metro with residents in Bibb, Crawford, Jones, Monroe, and Twiggs counties.
• Macon is home to Robins Air Force Base, the largest single-site industrial complex in Georgia. The base has an annual federal payroll of more than $1 billion and is home to the Warner Robins Air Logistics Complex.
MILLEDGEVILLE | COUNTY SEAT OF BALDWIN COUNTY
• Milledgeville, the county seat of Baldwin County, is strategically situated in the heart of Georgia, Located 20 minutes northeast of Macon and 1.5 hours southeast of Atlanta.
• The city benefits from its strategic position along the Fall Line Freeway, a vital corridor connecting Milledgeville to major cities such as Augusta, Macon, Columbus, and other significant Fall Line Cities, enhancing its accessibility and regional connectivity.
• Milledgeville is home to three colleges, Georgia College & State University, Georgia Military College, and Central Georgia Technical College, boasting a combined student enrollment of over 19,500.
INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
$2,280,000
Price Per SF
$214
Cap Rate
6.60%
NOI
$150,468
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.33 AC
Zoning
C1 - Commercial
Frontage
411 FT on Georgia 49
Amenities
- Air Conditioning
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Dollar General | Warner Robins MSA | 106 Salem Church Rd SW
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