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1325 GA-21, Springfield, GA, 31329

Dollar General

$1,776,902

Key Information

Cap Rate
6.65%
Tot. SF
10,640
Lot Size
1.45 Acres
Term Remaining
± 8 Years
Type
Shopping Centers
NOI
$118,164

Highlights

• Zero landlord responsibilities.
• Approx. eight (±8) years remaining in the initial term of the lease with five (5) renewal periods of five (5) years each.
• Rent will increase by 10% in each renewal option.
• Approx. ±21,000 locations with plans for future expansion.
• Investment Grade Credit Rating “BBB” (S&P)
• 34 consecutive quarters of sales growth.
• Proven track record as an essential retailer + recession resistant tenant – historically profitable during downturns in the U.S. economy.
• Strategically positioned on HWY 21 S, the main thoroughfare through Springfield, seeing over 19,000 VPD.
• The property sits directly in front of a new housing development with 80 new homes and across the street from another new development with 82 homes, with both developments driving nearby population and consumer spending.
• The Port of Savannah is one of the fastest-growing container ports in North America, with them handling over 14,000 daily gate moves. Springfield sits right in the direct path of its industrial corridor, creating traffic with consumers traveling into Savannah for work.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305