For Sale
$3,041,400

17002 Ga Highway 129 Macon, GA 31217

High-Yield Retail Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional portfolio comprises two strategically located retail properties: a Dollar General in Macon, Georgia (built 2018), and a combined Dollar Tree/Family Dollar in Steinhatchee, Florida (built 2021). Both boast strong corporate guarantees from investment-grade rated companies (Dollar General Corp. and Dollar Tree, Inc.). The Macon property benefits from its location in Georgia's fourth-largest city, offering a robust market and a long-term lease with multiple option periods including 10% rent increases. The Steinhatchee location, a build-to-suit property, features a 20-year transferable roof warranty and a unique position as one of only two stores in the city selling alcohol, adding to its revenue potential. Florida's tax-free status further enhances the investment's attractiveness. The portfolio offers a 7.35% cap rate and presents a compelling opportunity for investors seeking a stable, high-yield return in the resilient dollar store sector. Both properties are absolute NNN leases, eliminating landlord responsibilities. The Macon property is a brick construction building, ensuring durability and long-term value. The Steinhatchee property has over seven years remaining on its current lease term. This portfolio represents a rare opportunity to acquire a diversified, high-performing retail investment with significant upside potential.

Highlights

  • Dollar General (Macon, GA) investment-grade corporate guarantee from Dollar General Corp. (BBB S&P rating).
  • Absolute NNN lease; zero landlord responsibilities.
  • Strong Macon, GA location; 4th largest city in Georgia.
  • Brick construction; durable and enhances long-term value.
  • Lease includes three 5-year option periods with 10% rent increases.
  • Dollar General is America's largest retailer.

Property Details for 17002 Ga Highway 129

Property type
Retail properties, Retail space

Location Insight

City
Macon
County
Twiggs
State
Georgia
Latitude
32.7103431
Longitude
-83.5449075

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 100% Occupied
Where is the retail property located?
The property is located at 17002 Ga Highway 129 Macon, GA.
What is the asking price?
The asking price for this property is $3,041,400.
What are key features of this property?
This property features: Dollar General (Macon, GA) investment-grade corporate guarantee from Dollar General Corp. (BBB S&P rating).; Absolute NNN lease; zero landlord responsibilities.; Strong Macon, GA location; 4th largest city in Georgia.
How can I contact the broker?
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17002 Ga Highway 129
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