Dollar General | Top 12% in the Country | 21317 US Highway 82
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Dollar General | Top 12% in the Country 21317 US Highway 82
9,100 SF Retail Building Hortense, GA 31543 £805,551 (£89/SF) 7.49% Net Initial Yield
Investment Highlights
- Low Rent & Price Point Dollar General
Executive Summary
LOW RENT & PRICE POINT DOLLAR GENERAL
• The subject property has a low rent of $73,502 ($8/SF) that equates to a low price point under $1 million.
TOP PERFORMING LOCATION | TOP 12% IN THE COUNTRY
• The subject Dollar General supports 182.2K customers annually and ranks in the top 12% of all other Dollar Generals in
GA and in the country. (Placer.ai)
BRUNSWICK MSA | GATEWAY TO THE GOLDEN ISLES
• This Dollar General is located 30 minutes west of Brunswick on Highway 82 (11,500 VPD). Highway 82 is a major highway
connecting west GA to the coast.
• Brunswick is located on a harbor of the Atlantic Ocean approximately 70 miles North of Jacksonville, FL and 70 miles
south of Savannah, GA.
• Brunswick is the second-largest urban area on the Georgia coast after Savannah and is the County seat of Glynn
County.
• The Port of Brunswick is one of the nation’s most productive ports on the Atlantic Coast and is the sixth busiest
automobile port in the country, employing over 11,000 people in the area.
• Brunswick is home to Gulfstream Aerospace, one of the world’s most recognized aircraft manufacturers.
• The area is also home to one of the most impressive medical hubs in the region, a well-established manufacturing
base and a new four-year college.
THE GOLDEN ISLES (2.9 MILLION TOURISTS PER YEAR)
• Located on the southeastern shore of the Atlantic Ocean, the Golden Isles is comprised of the city of Brunswick,
Jekyll, St. Simons, Little St. Simon, and Sea Island.
• The area’s beaches, resorts, shops, and historic sites attract visitors from around the world. The Golden Isles support
over 2.9 million tourists annually who contribute over $1.1 Billion to the economy per year.
CORPORATE NNN LEASE GUARANTEED BY AN INVESTMENT GRADE TENANT (S&P:BBB)
• Dollar General signed a 15 year corporate guaranteed NNN lease in 2016. There are over 6.5 years remaining on the
primary lease term.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Four, 5-year option periods.
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
• The subject property has a low rent of $73,502 ($8/SF) that equates to a low price point under $1 million.
TOP PERFORMING LOCATION | TOP 12% IN THE COUNTRY
• The subject Dollar General supports 182.2K customers annually and ranks in the top 12% of all other Dollar Generals in
GA and in the country. (Placer.ai)
BRUNSWICK MSA | GATEWAY TO THE GOLDEN ISLES
• This Dollar General is located 30 minutes west of Brunswick on Highway 82 (11,500 VPD). Highway 82 is a major highway
connecting west GA to the coast.
• Brunswick is located on a harbor of the Atlantic Ocean approximately 70 miles North of Jacksonville, FL and 70 miles
south of Savannah, GA.
• Brunswick is the second-largest urban area on the Georgia coast after Savannah and is the County seat of Glynn
County.
• The Port of Brunswick is one of the nation’s most productive ports on the Atlantic Coast and is the sixth busiest
automobile port in the country, employing over 11,000 people in the area.
• Brunswick is home to Gulfstream Aerospace, one of the world’s most recognized aircraft manufacturers.
• The area is also home to one of the most impressive medical hubs in the region, a well-established manufacturing
base and a new four-year college.
THE GOLDEN ISLES (2.9 MILLION TOURISTS PER YEAR)
• Located on the southeastern shore of the Atlantic Ocean, the Golden Isles is comprised of the city of Brunswick,
Jekyll, St. Simons, Little St. Simon, and Sea Island.
• The area’s beaches, resorts, shops, and historic sites attract visitors from around the world. The Golden Isles support
over 2.9 million tourists annually who contribute over $1.1 Billion to the economy per year.
CORPORATE NNN LEASE GUARANTEED BY AN INVESTMENT GRADE TENANT (S&P:BBB)
• Dollar General signed a 15 year corporate guaranteed NNN lease in 2016. There are over 6.5 years remaining on the
primary lease term.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Four, 5-year option periods.
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,100 SF
Building Class
C
Year Built
2016
Price
£805,551
Price Per SF
£89
Net Initial Yield
7.49%
NOI
£60,356
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
2.29 AC
Parking
27 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
267 ft on U.S. 82
Amenities
- Pylon Sign
- Wheelchair Accessible
PROPERTY TAXES
Parcel Number | B065D-053 | Improvements Assessment | £86,216 |
Land Assessment | £4,704 | Total Assessment | £90,920 |
PROPERTY TAXES
Parcel Number
B065D-053
Land Assessment
£4,704
Improvements Assessment
£86,216
Total Assessment
£90,920
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Dollar General | Top 12% in the Country | 21317 US Highway 82
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