1701 Kings Chapel RdPerry, GA 31069

Property Details for 1701 Kings Chapel Rd

Year built

2023

Lot size

1.81 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple, 10,640 square foot Dollar General PLUS store, built in 2023, located at 1701 Kings Chapel Rd, Perry, GA 31069. The property boasts a 14-year remaining lease term (initial 15-year lease commencing July 31, 2023, expiring July 31, 2038) with five, 5-year renewal options, each including a 10% rent increase. The absolute NNN lease structure eliminates management responsibilities, and the tenant, Dollar General Corporation, provides a corporate guarantee and boasts an investment-grade credit rating. This premium-constructed building (no metal sides) benefits from a strong location within a thriving market. The 1.81-acre lot serves a 3-mile population of approximately 18,993 residents and a 5-mile population of approximately 30,284 residents, with an average household income of $100,971. The property generates a strong net operating income (NOI) of $134,988, resulting in a 6.65% cap rate. The estimated population growth within a 1-mile radius is projected at 7.13% over the next five years. This is a turnkey investment with significant long-term potential. The property is 100% occupied.

Location Insight

City

Perry

County

Houston

State

Georgia

Latitude

32.4669

Longitude

-83.7175

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