For Sale
$2,514,462

4869 Main StHoboken, GA 31542

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Hoboken, Georgia. Built in 2024 and delivering in July, this single-tenant property boasts a 15-year absolute NNN lease with five, five-year renewal options, each featuring a 5% rent increase. The lease commenced July 24, 2024, and expires July 30, 2039, leaving a substantial 14.7-year remaining lease term. Located on a 1.9-acre lot at 4869 W Main St, Hoboken, GA 31542, this property benefits from high visibility and traffic counts exceeding 7,300 cars daily. The property's strong financial performance is reflected in a 6.50% cap rate and a net operating income (NOI) of $163,440, with a price per square foot of $201.48. The tenant, Dollar General, is a publicly traded company with a strong credit rating, providing significant financial stability and security. This is a relocation site, demonstrating the tenant's confidence in the location and its potential for continued success. The property is zoned commercial and offers a fee-simple ownership structure. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a blue-chip tenant and a long-term lease.

Highlights

  • Brand new 2024 construction, 12,480 SF Dollar General Market, delivering July 2024.
  • Relocation to a higher-performing site; existing location ranks in the top 20% nationally.
  • High traffic count exceeding 7,300 vehicles daily.
  • Dollar General, a Fortune 500 company, operates over 19,800 stores nationwide.
  • 15-year absolute NNN lease with five, five-year renewal options, each with a 5% rent increase; $163,440 NOI, 6.50% cap rate, $201.48/SF price.

Property Details for 4869 Main St

Property type
Retail properties, Retail space
Square Feet
12,480 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
82,764 SF
Units
1

Location Insight

City
Hoboken
County
Brantley
State
Georgia
Latitude
31.1813507
Longitude
-82.12679709
4869 Main St, Hoboken, Georgia

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4869 Main St
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