Brand New Dollar General | Cobbtown, GA | 6.60% Cap Rate

Property Description

Marketing Package

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General located in Cobbtown, GA. The subject property is currently under construction and will have a 15-year, absolute NNN lease with an estimated delivery date of October 2017. Dollar General is an investment grade tenant with a Standard & Poor’s BBB credit rating.

The property is located on Highway 23 in Cobbtown, right at the Hwy. 23/Hwy. 57 split. Population exceeds 2,262 w/n  a 5-mile radius.

Investment Summary

  • Offering Price:  $1,493,273
  • Cap Rate:  6.60%
  • Current NOI:  $98,556
  • Building Size:  9,100*
  • Lot Size:  1.79 acres*
  • 15-year lease, commencing earlier of (i) 60 days after delivery date or (ii) the date on which Dollar General opens for business.
  • Estimate Deliver Date:  October 2017
  • 36870 GA-Hwy 23, Cobbtown, GA 30420

*Landlord provided data

General Info

Category: For Sale

Type: Investment

Price: $1,493,273

Address: 36870 GA-Hwy 23, Cobbtown, GA 30420

Listing Page: Click to View Loopnet Listing Page

Bookmark the permalink.