Dollar General | Absolute NNN Lease — Sale in Hortense, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hortense, GA 31543

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present an opportunity to acquire a single-tenant, absolute triple-net leased Dollar General located in Hortense, Georgia. The 7,500-square-foot property, built in 2018, is situated on approximately 1.51 acres at the intersection of two main highways in Hortense; Georgia Hwy 31 and US-301. The asset is backed by a corporate-guaranteed lease with Dollar General, one of the nation’s largest discount retailers, providing stable and predictable income. The investment features approximately seven-plus years of remaining lease term, with rent commencing in September 2018 and expiring in July 2033. The lease is structured as an absolute triple-net, offering zero landlord responsibilities, including roof and structure, making it a passive ownership opportunity. Additionally, the lease includes five five-year extension options, each with 10 percent rental increases, providing long-term income growth and inflation protection. Strategically positioned as the only general merchandise store within a five-mile radius, the property benefits from limited competition and serves as a critical retail destination for the local population. The location offers strong regional connectivity, and benefits from close proximity to Georgia’s Atlantic coastline and the broader Coastal Georgia region, which includes popular destinations within the Golden Isles such as Brunswick, St. Simons Island, Jekyll Island, and Cumberland Island. Investment Highlights: • Absolute Triple-Net with Zero Landlord Responsibilities-Tenant Responsible for Roof & Structure • Ten Percent Rental Increases in Each of the Five, Five-Year Renewal Option Periods • Only General Merchandise/Every Day Needs Store in the Immediate Area and Within a Five-Mile Radius • Located at the Intersection of Two Main Highways in Hortense; Georgia Highway 31 and US-301 • Close Proximity to Georgia's Atlantic Coastline and the Broader Coastal Georgia Region, which Includes Popular Destinations Within th

Market Context

This retail in Hortense, GA is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Hortense, GA — view the full market.

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