Dollar General NNN Property For Sale — Macon, GA
3311 Ridge Rd, Macon, GA 31217
This brand new 2023 build-to-suit Dollar General features a premium construction building (not a prototypical DG with three metal sides) and operates as a Dollar General PLUS concept, indicating projected above-average sales volumes. The property boasts an absolute NNN lease with zero landlord responsibilities and is corporately guaranteed by Dollar General Corporation. The lease includes five, 5-year renewal options, each with an attractive 10% rental increase. Located in Macon, GA, this property serves a 5-mile population of approximately 31,307 residents with an average household income of $71,624, aligning with Dollar General's target demographic. Dollar General is an investment-grade rated company (BBB by S&P) with approximately 20,000 locations and plans for continued expansion. The…
- Address: 3311 Ridge Rd, Macon, GA 31217
- Asking price $1.89M
- 6.75% cap rate
- NOI $127,800
- 11.9 years remaining
- NNN lease
- Year built: 2023
- Building size: 10,542 SF
- Lot size: 3.50 acres
- Lease expiration: Jul 31, 2038
- Rent increases: Option 1: 10% increase; Option 2: 10% increase; Option 3: 10% increase; Option 4: 10% increase; …
- Guarantor: Corporate
Location
This Dollar General property is at 3311 Ridge Rd in Macon, Georgia.
Asset type: NNN