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167 Butler Ave
Midway, GA 31320

Dollar General · Retail Property For Sale

Investment Highlights

  • Corporate Lease with Investment Grade Credit Tenant
  • Rare Rent Increases in the Primary Term | 5% Rent Bump in 2025
  • Retailers Nearby Include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner, Pizza Peddler and more
  • Upgraded Brick Construction
  • Recent Lease Extension Showing Tenant Commitment to the Site
  • Midway, GA is Located Approximately 30 Miles Southwest of Savannah, GA

Executive Summary

CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar General located in Midway, GA. The 12,480 square foot property sits on 1.45 acres. The property is subject to a double net lease with over five years of firm term remaining. The lease is corporately guaranteed by Dollar General which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. The tenant recently completed a five year lease extension showing commitment to the site. There is a 5% rent increase in 2025 and in the first option. The remaining options all feature 10% rent increases.
The subject property is positioned near the intersection of Butler Ave and E Oglethorpe Highway which sees roughly 10,600 vehicles per day. Retailers nearby include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner and more. Live Oak Villas, a 60 unit apartment complex, is located less than one-half mile from the subject property. There are approximately 8,700 people residing within five miles of the subject property.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
B
Year Built
2009
Price
£1,130,074
Price Per SF
£91
Net Initial Yield
8.05%
NOI
£90,972
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.45 AC
Zoning
B2

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
213D-054
Land Assessment
£52,540
Improvements Assessment
£215,435
Total Assessment
£267,975
  • Listing ID: 33041668

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 167 Butler Ave, Midway, GA 31320

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