For Sale
$1,304,100

555 Main StStatesboro, GA 30458

High-yield, Net-Leased Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General convenience store located at 555 E Main St, Statesboro, GA 30458. The property boasts a substantial 9,100 square feet on a nearly 2-acre lot, built in 2011. Currently enjoying a strong 7.00% cap rate and a NOI of $91,287, this asset offers a secure investment with a long-term lease. The lease with Dollar General extends to March 2031, with six 5-year renewal options at 10% rent bumps. This prime location benefits from a population exceeding 50,000 within a 5-mile radius, enhanced by the proximity to Georgia Southern University's 24,000-student population. Dollar General's proven business model, national footprint, and investment-grade credit rating (BBB, S&P) further solidify this investment's stability and potential for long-term growth. The property's APN is 0201XIG070QH681CGPHZ5N. This is a rare opportunity to acquire a well-performing, strategically located Dollar General in a thriving market. The asking price is $1,304,100.

Highlights

  • Strong Demographics: 50,000+ population within a 5-mile radius.
  • Long-Term Lease: Dollar General lease extended to March 2031.
  • Proximity to University: Near Georgia Southern University (24,000 students).
  • Significant Land Area: Approx. 2-acre lot.
  • Resilient Tenant: Dollar General, an essential retailer with proven pandemic performance.
  • National Brand Recognition: Part of a large, expanding national chain (approx. 19,600 locations).

Property Details for 555 Main St

Property type
Retail properties, Grocery and convenience stores
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
86,249 SF

Location Insight

City
Statesboro
County
Bulloch
State
Georgia
Latitude
32.4548709
Longitude
-81.752444
555 Main St, Statesboro, Georgia

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555 Main St
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