9181 Ga-136Chickamauga, GA 30707

Property Details for 9181 Ga-136

Year built

2009

Lot size

1.55 AC

Property size (Sq ft)

9,014 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 9181 GA-136, Chickamauga, GA 30707, within the Chattanooga MSA. Built in 2009 and situated on a 1.55-acre lot, this single-tenant, single-story building boasts a 100% occupancy rate with a credit-rated tenant. The current lease, a Net Lease (NN) agreement, extends to July 30, 2029, offering a remaining term of approximately 4.7 years. The lease includes four additional five-year options, each with a 10% rent increase. Dollar General, the tenant since April 1, 2009, is responsible for all property expenses including insurance, real estate taxes, utilities, and maintenance. The property's strong financial performance is reflected in its $993,000 asking price, $72,490 Net Operating Income (NOI), and a 7.30% cap rate. The price per square foot is $110.16. This established location benefits from its proximity to the larger Chattanooga MSA and its diverse industries, offering a stable and attractive investment prospect with significant long-term potential. The property's history of consistent tenancy underscores its value and desirability.

Location Insight

City

Chickamauga

County

Walker

State

Georgia

Latitude

34.8075

Longitude

-85.3903

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