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1957 Highway 32
Ocilla, GA 31774
Dollar General | New Abs NNN | Irwinville, GA · Retail Property For Sale
PROPERTY FACTS
About 1957 Highway 32 , Ocilla, GA 31774
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Irwinville, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , which is classified as Investment Grade. The rent is scheduled to commence on 6/1/17. This Dollar General is highly visible and as it is strategically positioned in Irwinville, GA. The population of Irwinville exceeds 2,400 while the three mile average household income exceeds $30.7K 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 a 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 dollar store. List price reflects a 6.60% cap rate based on NOI of $79,308. Broker of Record | Steve Miller | Miller Realty Services Inc
PROPERTY TAXES
Parcel Number | 00240-00000-058-000 | Improvements Assessment | $157,775 |
Land Assessment | $4,984 | Total Assessment | $162,759 |
PROPERTY TAXES
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Listing ID: 5968094
Date on Market: 2/22/2017
Last Updated:
Address: 1957 Highway 32, Ocilla, GA 31774