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1957 Highway 32
Ocilla, GA 31774

Dollar General | New Abs NNN | Irwinville, GA · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
1.70 AC
Zoning
Commercial

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

PROPERTY TAXES

Parcel Number
00240-00000-058-000
Land Assessment
£3,948
Improvements Assessment
£124,970
Total Assessment
£128,918
  • Listing ID: 5968094

  • Date on Market: 22/02/2017

  • Last Updated:

  • Address: 1957 Highway 32, Ocilla, GA 31774

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