Dollar General for Sale in Midway, GA
Midway, GA
Key Investment Metrics
Price
$1,517,550
Cap Rate
8.0%
Net Operating Income
$121,404
Building Size
12480 SF
Land Area
1.45 Acres
Remaining Term
3.7 years
Lease Expiration
03/31/2030
Lease Term
20 years
Lease Commencement
03/31/2010
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2010
Occupancy
100%
Tenancy
Single
Rent Increases
5% in Option 1 and 10% in Option 2-4
Property overview
Dollar General in Midway
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 12,480 SF
- Land area
- 1.45 acres
- Year built
- 2010
- Lease type
- NN+
- Lease expiration
- 03/31/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.