Dollar General Market 159-163 E Crawford St

Fortis Net Lease is pleased to present this brand new 10,640 SF RELOCATION Dollar General Market store located in Colquitt, Georgia. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. This is also a relocation of an older store and upgraded into a Market store! The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with store opening & rent on track to start in April 2025.
This Dollar General Market is highly visible as it is strategically positioned on the hard signalized corner of S First Street & Highway 27 seeing 7,567 cars per day. The site is nestled among residential homes & in the heart of downtown Colquitt. The 10 mile population from the site is 6,643 while the 3 mile average household income is $62,489 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the
nation’s top small box discount retailer. List price reflects a 6.50% cap rate based on NOI of $154,980.
Instate Broker of Record: Brian Brockman | Bang Realty