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21 Highway 151
La Fayette, GA 30728
Dollar General (Chattanooga MSA) · Retail Property For Sale
PROPERTY FACTS
About 21 Highway 151 , La Fayette, GA 30728
NEW CONSTRUCTION Brand New 9,026 SF Build to Suit Dollar General in LaFayette (Chattanooga MSA), GA. Scheduled delivery April 2017. LONG TERM CORPORATE ABSOLUTE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. INVESTMENT GRADE TENANT Dollar General is publically traded (NYSE: DG) and operates over 13,000 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P. RENT INCREASES There are 10 percent rent increases in each of the five, 5-year option periods. CHATTANOOGA MSA LaFayette, the county seat of Walker County, GA, is located 28 miles south of Chattanooga (within the Chattanooga, TN-GA MSA). Chattanooga, the fourth largest city in Tennessee, is known as the Scenic City; its location along the Tennessee River at the foothills of the Appalachian mountains provides stunning natural beauty and extensive outdoor recreational activities for residents and visitors alike. The city's investment in the first Gig Internet, providing a 100% fiber network linking every home and business in a 600-square-mile area, has enhanced the economy, bringing both start-ups and major corporations to the area, including Amazon.com, Chase headquarters, and the expansion of Volkswagon's Chattanooga plant. Chattanooga is also home to the University of Tennessee with more than 11,500 enrolled, Chattanooga State Community College, with about 11,000 students, Southern Adventist University, Virginia College and Covenant College.
PROPERTY TAXES
Parcel Number | 0360 011C | Improvements Assessment | $175,490 |
Land Assessment | $38,890 | Total Assessment | $214,380 |
PROPERTY TAXES
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Listing ID: 5775845
Date on Market: 2/6/2017
Last Updated:
Address: 21 Highway 151, La Fayette, GA 30728