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544 Kight St
Kite, GA 31049
Dollar General · Retail Property For Sale
PROPERTY FACTS
About 544 Kight St , Kite, GA 31049
Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Kite, 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 store is open, with rent having commenced on 1/28/18. This Dollar General is highly visible as it is strategically positioned on Kight Rd in Kite, GA. 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 6.95% cap rate based on NOI of $74,784.
PROPERTY TAXES
Parcel Number | 65A-002 | Improvements Assessment | $174,822 |
Land Assessment | $7,800 | Total Assessment | $182,622 |
PROPERTY TAXES
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Listing ID: 14164550
Date on Market: 10/23/2018
Last Updated:
Address: 544 Kight St, Kite, GA 31049