For Sale
$1,535,000

1934 Harrietts Blf RdKingsland, GA 31548

High-Yield Retail Investment in GA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Kingsland, Georgia, situated on a 1.3-acre lot. Built in 2021, this property boasts a 15-year NNN lease with a corporate guarantee from Dollar General, a NYSE-listed company with a BBB credit rating. The lease commenced January 30, 2021, and has 11.2 years remaining, with four, five-year renewal options including a 10% rent increase in October 2030 and every five years thereafter. The property enjoys a 6.75% cap rate and a strong NOI of $103,632, generating a price per square foot of $168.68. Located on Harrietts Bluff Road, this strategically positioned property benefits from high visibility and accessibility, with over 66,000 vehicles daily traversing I-95 nearby. The area demonstrates robust economic indicators, including an average annual household income within one mile of $87,534, projected to reach $101,773 by 2028. The property's proximity to a new 362-unit apartment complex and its distance from competing businesses (three miles to the nearest Dollar General, five miles to the nearest grocery store, and less than seven miles to the nearest big-box retailer) further enhances its investment appeal. This is a rare opportunity to acquire a high-performing, low-risk retail investment with significant long-term growth potential. The asking price is $1,535,000.

Highlights

  • Corporate-guaranteed, triple-net (NNN) lease with limited competition; nearest competitors are three miles (Dollar Store), five miles (Grocery Store), and less than seven miles (Big Box Retailer).
  • Four, five-year tenant renewal options with a 10% rent increase in October 2030 and every five years thereafter.
  • Investment-grade rated Dollar General (NYSE: DG) with a BBB credit rating.
  • Dollar General operates over 19,000 stores across 47 states (as of January 2024).
  • Excellent visibility and access to I-95 (over 66,000 vehicles daily); average annual household income within one mile is $87,534, projected to reach $101,773 by 2028.
  • Located one mile from a newly constructed 362-unit apartment community.

Property Details for 1934 Harrietts Blf Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2021
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Kingsland
County
Camden
State
Georgia
Latitude
30.8485309
Longitude
-81.6672924
1934 Harrietts Blf Rd, Kingsland, Georgia

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1934 Harrietts Blf Rd
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