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Dollar General Net Lease Investment | 7% cap rate

Bull Realty is pleased to present this absolute NNN Dollar General located in Valdosta, GA. The +/- 9,100 SF building, built in 2012, is located on busy US 41 on a +/- 2 acre corner parcel with nearby traffic counts averaging just over 9,000 vehicles per day. The corporate guaranteed NNN lease has 10 1/2 years remaining on the initial term and is offered at a 7% cap. There is a rare 3% increase in year 11 of the initial 15 year term and four 5-year option periods, each featuring a 10% increase in rents. This is an ideal investment for an investor looking for a higher starting cap rate and the worry-free ownership of excellent real estate with a successful national credit tenant. The average cap rate for the remaining initial term is 7.1% due to the rent increase in the 11th year, unlike the newer NNN flat lease terms.

  • 10 years remaining on initial lease term with four 5 year renewal options
  • 7% cap rate
  • 7.1% blended average cap rate for remaining initial term
  • Rare 3% rent increase in Year 11 (August 2022) and 10% in each option period
  • Current annual net income of $83,096
  • True NNN lease with no landlord responsibilities

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