Investment Offering
Stockbridge, GA - Dollar General
3440 N. Henry Blvd | Stockbridge, GA 30281
$1,090,000
Price7.81%
Cap Rate$85,113
NOI9,014
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Dollar General investment property located in Stockbridge, GA (Atlanta MSA). The tenant, Dollar General (S&P BBB), renewed early for an additional 8 years with 1 (5-year) option to extend, demonstrating their commitment to the site. The lease features a 8% rental increase at the beginning of the option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is NN with landlord responsibilities limited to roof, parking lot, structure and HVAC.
Location
The subject property is strategically located on N. Henry Boulevard which sees approximately 12,700 vehicles per day. Moreover, the site is within close proximity to State Highway 138 (23,000 VPD) and Eagles Landing Parkway (20,700 VPD) two primary thoroughfares traveling through the town of Stockbridge. The asset is positioned with a major retail corridor serving the city of Stockbridge, with nearby national/credit tenants including McDonald’s, CVS, Gold’s Gym, Carter’s, and more. Strong tenant synergy increases consumer draw to the trade area and promotes crossover shopping to the site. Stockbridge is less than 25 miles from Atlanta and is part of the Atlanta, GA MSA, the 9th largest MSA in the United States. The 5-mile trade area is supported by a population of 83,678 with an average household income of $82,625.