For Sale
$2,082,000

215 Jl Tyre StScreven, GA 31560

High-Yield Retail Investment in Coastal GA

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Market in Screven, Georgia, situated within the Savannah MSA. The property boasts a 15-year absolute NNN lease commencing July 1, 2024, and expiring July 1, 2039, with a substantial remaining lease term of approximately 14.6 years. The lease includes attractive 5% rent increases every five years throughout the initial lease and option periods, ensuring consistent income growth. The property's strong financial performance is reflected in its current NOI of $140,508 and a compelling 6.75% cap rate. The asking price is $2,082,000. This "next-gen" Dollar General Market features an expanded product selection, including fresh produce, milk, and meats, catering to a broader customer base. The tenant, Dollar General (S&P: BBB), is a Fortune 500 company with a strong financial standing and an extensive network of over 20,000 locations. Strategically located on Highway 84 (6,220 VPD), this property benefits from high visibility and convenient access. The 0.98-acre lot provides ample space for the building and potential future expansion. The property's location in the rapidly growing Savannah MSA, a region known for its thriving tourism industry and significant military presence, further enhances its investment appeal. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant, attractive lease terms, and significant upside potential.

Highlights

  • 15-year NNN lease with Dollar General; 5% rent increases every 5 years; corporate guarantee.
  • New construction Dollar General Market store; includes fresh produce, meat, and groceries; rent commenced.
  • Located in Screven, GA, within the Savannah MSA; approximately 30 minutes from the coast; strong tourism and military presence in the area.
  • High-traffic location on Highway 84 (6,220 VPD); excellent visibility and accessibility.
  • Investment-grade tenant (S&P: BBB); Dollar General is a Fortune 500 company with over 20,000 locations.

Property Details for 215 Jl Tyre St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Screven
County
Wayne
State
Georgia
Latitude
31.4856731
Longitude
-82.0181499
215 Jl Tyre St, Screven, Georgia

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215 Jl Tyre St
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