For Sale
$2,653,000

118 Ratcliffe RdBrunswick, GA 31523

High-Yield NNN Lease Investment

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 Brunswick, Georgia. Located at the intersection of Highway 82 and Ratcliff Road, just two miles from Interstate 95 (64,100 VPD), this property benefits from significant traffic volume. The 15-year absolute NNN lease, commencing September 1, 2024, and expiring September 1, 2039, includes 5% rent increases every five years, ensuring consistent income growth. The tenant, Dollar General (NYSE: DG), a Fortune 500 company with an S&P investment-grade credit rating of BBB, is responsible for all operating expenses, including taxes, insurance, CAM, roof, and building structure. This "next-gen" Dollar General Market offers an expanded product selection, including fresh produce, milk, meat, and groceries, catering to a broader customer base. The property sits on a 1.34-acre lot and boasts a strong cap rate of 6.40% with a current NOI of $169,752. The surrounding area demonstrates robust demographics, with a 5-mile population of 11,238 experiencing 18.02% growth and an average household income of $86,312. Brunswick's prime coastal location, gateway to the Golden Isles, offers significant economic advantages, including a thriving tourism sector and the presence of major employers like the Port of Brunswick and Gulfstream Aerospace. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and exceptional growth potential. The asking price is $2,653,000, translating to $249.34 per square foot.

Highlights

  • 15-year absolute NNN lease with Dollar General, including 5% rent increases every five years. Tenant responsible for all expenses.
  • New construction Dollar General Market, a combo store with expanded grocery offerings, scheduled to open August 2024.
  • High-traffic location near the intersection of Highway 82 and Ratcliff Rd, two miles from Interstate 95.
  • Strong demographics: 11,238 population within 5 miles, 18.02% growth; average household income of $86,312.
  • Prime coastal Georgia location in Brunswick, benefiting from strong tourism and a robust local economy anchored by the Port of Brunswick and Gulfstream Aerospace; investment-grade tenant (Dollar General, NYSE: DG).

Property Details for 118 Ratcliffe Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Lot Size (sq. ft)
58,370 SF

Location Insight

City
Brunswick
County
Glynn
State
Georgia
Latitude
31.1683177
Longitude
-81.6037447
118 Ratcliffe Rd, Brunswick, Georgia

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118 Ratcliffe Rd
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