215 Jl Tyre StScreven, GA 31560

  • Retail properties
  • 10,640 SF
For Sale
$2,082,000 View listing

Property Details for 215 Jl Tyre St

Year built
2024
Lot size
0.98 AC
Property size (Sq ft)
10,640 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Market in Screven, Georgia, situated within the Savannah MSA. The property boasts a 15-year absolute NNN lease commencing July 1, 2024, and expiring July 1, 2039, with a substantial remaining lease term of approximately 14.6 years. The lease includes attractive 5% rent increases every five years throughout the initial lease and option periods, ensuring consistent income growth. The property's strong financial performance is reflected in its current NOI of $140,508 and a compelling 6.75% cap rate. The asking price is $2,082,000. This "next-gen" Dollar General Market features an expanded product selection, including fresh produce, milk, and meats, catering to a broader customer base. The tenant, Dollar General (S&P: BBB), is a Fortune 500 company with a strong financial standing and an extensive network of over 20,000 locations. Strategically located on Highway 84 (6,220 VPD), this property benefits from high visibility and convenient access. The 0.98-acre lot provides ample space for the building and potential future expansion. The property's location in the rapidly growing Savannah MSA, a region known for its thriving tourism industry and significant military presence, further enhances its investment appeal. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant, attractive lease terms, and significant upside potential.

215 Jl Tyre St, Screven, Georgia

Location Insight

City
Screven
County
Wayne
State
Georgia
Latitude
31.4857
Longitude
-82.0182

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