109 Gray Road,Cairo, GA 39827
Cairo, GA 39827
Description
Coldwell Banker Commercial- Metro Brokers is pleased to present this brand new 9,002 SF. Dollar General store located in Cairo, Georgia. The property is incombered by a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 10% rent increases at each of the 5 (5 Year) Options to renew. The lease is a corporate guarantee by Dollar General Corporation which holds a credit rating of "BBB", which is classified as Investment Grade. Placer.ai estimates the annual revenue at the store about $2.4M which yields a very healthy rent to sales ration of under 4%, This Dollar General is highly visible as it is strategically positioned on N. Broad Street with about 8,000 cars per day and within 3-,iles of downtown Cairo. The 10 mile population from the site is 24,663 while the 5-mile average household income is $70,123 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation's top dollar store. List price reflects a 7.00% cap rate based on the NOI of $84,742.00
Details
| MLS # | 10782028 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2016 |
| Days On Site | 97 |
| Listing Provided By | CBC Metro Brokers | Russell Malayery |
Features
| SQ Feet | 9,002 |
|---|---|
| Zoning | COM |
| Acreage | 2.00 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
Exterior
| Lot Features | Level |
|---|---|
| Construction Materials | Other |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Paved, Parking Lot |
Utilities
| Utilities | Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 4984 |
|---|---|
| Tax Year | 25 |
Area Information
| State | GA |
|---|---|
| County | Grady |
| City | Cairo |
| Zip Code | 39827 |
| Area | Grady |
| Listing VS Median (in 39827) | |
Price: $1,169,103 low | high Med: $442,450 sqft: 9,002 low | high Med: 1,464 $ / sqft: $130 low | high Med: $313 On site: 97 low | high Med: 296.5 | |
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Learn More About This Property
| State | GA |
|---|---|
| County | Grady |
| City | Cairo |
| Zip Code | 39827 |
| Area | Grady |
| Listing VS Median (in 39827) | |
Price: $1,169,103 low | high Med: $442,450 sqft: 9,002 low | high Med: 1,464 $ / sqft: $130 low | high Med: $313 On site: 97 low | high Med: 296.5 | |