383 Halcyondale RdSylvania, GA 30467

Property Details for 383 Halcyondale Rd

Year built

2023

Lot size

2.16 AC

Property size (Sq ft)

10,606 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,606 square foot Dollar General PLUS store, constructed in 2023 in Sylvania, Georgia (30467). Located at 383 Halcyondale Rd, this property benefits from a 14-year remaining lease term (initial 15.1-year lease commencing August 13, 2023, expiring August 31, 2038) with an absolute NNN lease structure, eliminating management responsibilities. The tenant, Dollar General Corporation, boasts a BBB (S&P) investment-grade credit rating and provides a corporate guarantee. The property features five, 5-year lease options, each with a 10% rent increase. The current annual net operating income (NOI) is $133,500, yielding a 6.75% cap rate on the $1,977,777 asking price. The 2.16-acre lot is situated across from Screven County High School, ensuring significant traffic. The location's average household income of $75,479 aligns with Dollar General's target demographic. This is a premium-built Dollar General PLUS store (not a standard prototype), reflecting the tenant's projection of above-average sales volume. The 100% occupancy rate and strong tenant history make this a compelling investment.

Location Insight

City

Sylvania

County

Screven

State

Georgia

Latitude

32.7327

Longitude

-81.6311

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