Dollar General – Milner, GA

Pricing & Financial Analysis
Location
142 Main Street
Milner , GA 30257
Sold: $760,000
Closing Date: 06/30/2015
Rentable Sq. Ft.: 9,014 Sq. Ft.
Price Per Sq. Ft.: $93.55
Cap Rate: 8.21%%
Lot Size: 1.00 Acres
Type Of Ownership: Fee Simple

Highlights
Large Store Format
Parking Lot – Concrete
LEASE – RENEWED EARLY thru January 31, 2024
Annualized Operating Data
Rent Increase
Annual Rent
Years 2015 - January 31, 2024
CAM Fixed Payment: $4,056
Option Periods
 
Years 2023 - 2029
Years 2029 - 2034
Years 2034 - 2039
Years 2039 - 2044
Years 2044 - 2049
Real Estate Taxes: Full Reimbursement
Insurance: Full Reimbursement

Expenses
Lawn & Parking Lot - Actual:
1,800
Reserve:
150
Net Operating Income: $64,506
Total Return: 7.65% - $64,506

Tenant Summary
Tenant Trade Name: Dollar General Corp.
Ownership: Public Tenant
Lease Guarantor: Corporate, Public, NYSE: DG
Lease Type: Double Net (NN)
Roof And Structure: Landlord Responsible
Lease Term: 9.00 Years*
Lease Commencement Date: Date 2/1/2009
Rent Commencement Date: Date 2/1/2009
Lease Expiration Date: Date 1/31/2024
Term Remaining On Lease: 9.00 Years
Increases: 10.0% Increases Every Five Years during the Options Periods
Options: Five, Five-Year Options
 

HIGHLIGHTS

  • Strong Sales – no Percentage (%) Rent – over $1.70 million in sales in 2014
  • Proven Location – Renewed Lease Early – less than 40 miles south of Atlanta, GA
  • Corporate Guaranteed ($16.01 Billion Revenue / $3.3 Billion Net Worth approximately)
  • Dollar General: #195 in Fortune 500 – S&P BBB- Rating – Investment Grade
  • 9,014 SF – Larger Store Format
  • Five, Five-Year Option Remaining
  • Milner, GA is suburb off GA State Hwy 7 between Griffin & Barnesville • Low Price per Square Foot for Georgia
  • Milner local retail nearby includes Wal-Mart Supercenter, Kroger, McDonalds, Taco Bell, Wendy’s, First National Bank, United Bank, Chevron and Shell
  • Dollar General has enrolled this store in its national insurance program

The Dollar General # 11,311 – is a proven location. The property is located at 142 Main Street Milner, GA 30257 located just off State Hwy 7 between Griffin & Barnesville . The Dollar General property is a 9,014 Square Foot property built in 2009. The rent is a double & one half net (NN1/2) lease with landlord responsible for Roof, Structure, Parking Lot and HVAC. The property is offered at an 7.65% Cap Rate. Minimal maintenance is required with 10% increases during the five, five-year options.

MILNER, GA – Milner is a suburb off State Highway 7 approximately 5 miles north of Barnesville and less than 40 south of Atlanta, GA.


CORPORATE DESCRIPTION

Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg’s, General Mills and Nabisco. $17.79 billion in sales in fiscal 2013.

  • 11,000+ stores in 40 states
  • About 12,000 core products from
  • America’s most-trusted manufacturers
  • 9+ distribution centers
  • 85,900+ employees
  • BBB- Rating by Standard & Poor’s
  • Headquarter are located at 100 Mission Ridge Goodlettsville, TN 37072