Dollar General
708 South Grant Street
Fitzgerald, GA 31750
| Price: |
$754,000 |
| CAP Rate: |
8.70% |
| Building Size: |
11,000 SF |
| Approx Lot Size: |
1.00 Acre(s) |
| Year Built: |
2010 |
Net Lease
Investment: |
Yes |
| Existing Debt: |
No |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- $754,000 (8.7% Cap Rate)
- Rental increase in year 11
- New 15 year Lease - Relocation of existing store
- 5, 5 Year Renewals with 10% increases
- Rent Commencement - December 2009
- 11,000 Square foot building
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For more information contact:
Ryan O'Connell
(602) 595-4000
RDO Investments LLC
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Property Description
Dollar General Corporation (Dollar General) is a discount retailer of general merchandise in the US. Dollar General was a publicly traded company from 1968 to 2007. The company was bought in July 2007 by an investment group that included affiliates of private equity firm Kohlberg Kravis Roberts & Co. and investment bank Goldman Sachs, among others. Two years after being taken private, Dollar General is going public again. Dollar General is headquartered in Goodlettsville, Tennessee and employs about 72,500 people; this figure includes full-time and part-time employees.
The company recorded revenues of $10,457.7 million during the financial year ended January 2009 (FY2009), an increase of 87.7% over 2008. The operating profit of the company was $580.5 million during FY2009, compared to an operating profit of $246.1 million in 2008. The net profit was $108.2 million in FY2009.
Property is located in Fitzgerald, Georgia. Site is a relocation of an existing location. Property is a retrofit of an exisitng drug store.
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