Brand New Dollar General | Cobbtown, GA | 6.80% Cap Rate

Property Description

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.

Click HERE for Offering Memorandum

Investment Summary

  • Offering Price:  $1,449,000
  • Cap Rate:  6.80%
  • 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: Recent/Closed Projects

Type: Investment

Price: $1,449,000

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

Listing Page: Click to View Loopnet Listing Page

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