555 Main StStatesboro, GA 30458
- Retail properties
- 1.98 AC
Property Details for 555 Main St
- Year built
- 2011
- Lot size
- 1.98 AC
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General convenience store located at 555 E Main St, Statesboro, GA 30458. The property boasts a substantial 9,100 square feet on a nearly 2-acre lot, built in 2011. Currently enjoying a strong 7.00% cap rate and a NOI of $91,287, this asset offers a secure investment with a long-term lease. The lease with Dollar General extends to March 2031, with six 5-year renewal options at 10% rent bumps. This prime location benefits from a population exceeding 50,000 within a 5-mile radius, enhanced by the proximity to Georgia Southern University's 24,000-student population. Dollar General's proven business model, national footprint, and investment-grade credit rating (BBB, S&P) further solidify this investment's stability and potential for long-term growth. The property's APN is 0201XIG070QH681CGPHZ5N. This is a rare opportunity to acquire a well-performing, strategically located Dollar General in a thriving market. The asking price is $1,304,100.
Location Insight
- City
- Statesboro
- County
- Bulloch
- State
- Georgia
- Latitude
- 32.4549
- Longitude
- -81.7524
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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