For Sale
$1,050,000

4193 Vickers Xing Ambrose, GA 31512

High-Yield, Low-Maintenance Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
137
This fee-simple, 9,100 square foot Dollar General in Ambrose, Georgia, presents a compelling investment opportunity. The property boasts a 15-year triple-net (NNN) lease with five, 5-year options, providing a stable, passive income stream. The lease commenced February 20, 2017, and currently has approximately 7.3 years remaining until the next option period. Rent increases are structured with a 10% bump at each option period. The property features a strong credit-rated tenant, Dollar General, backed by a corporate guarantee. The current annual net operating income (NOI) is $78,684, yielding a 7.50% cap rate on the $1,050,000 asking price. Built in 2017, this strategically located store enjoys high visibility and serves as the only Dollar General within a significant radius, catering to a growing consumer base in Coffee County. The property's location between Douglas and Fitzgerald ensures convenient access for a wide customer base. This is an ideal hands-off investment for those seeking a secure, long-term, high-yield return.

Highlights

  • Triple-Net Lease: Passive income stream with no landlord responsibilities.
  • Investment-Grade Tenant: Dollar General, backed by a corporate guarantee and a BBB rating.
  • Long-Term Lease: Approximately 7.3 years remaining on the lease.
  • Prime Location: High visibility and accessibility between Douglas and Fitzgerald.
  • Exclusive Market Dominance: Nearest competitor over 7.6 miles away.
  • Growing Market: Ambrose demonstrates a steady 0.6% annual growth rate.

Property Details for 4193 Vickers Xing

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2017

Location Insight

City
Ambrose
County
Coffee
State
Georgia
Latitude
31.5929994
Longitude
-83.0142211

FAQs

What type of property is this?
Retail property - High-Yield, Low-Maintenance Retail Property
Where is the retail property located?
The property is located at 4193 Vickers Xing Ambrose, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Triple-Net Lease: Passive income stream with no landlord responsibilities.; Investment-Grade Tenant: Dollar General, backed by a corporate guarantee and a BBB rating.; Long-Term Lease: Approximately 7.3 years remaining on the lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4193 Vickers Xing
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