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.

Location Description:

The subject property is located 4 miles east of Interstate 75 and close to the Valdosta Regional Airport. It is the county seat of Lowndes County. Valdosta is the 11th largest city in Georgia and has been recognized nationally by Forbes Magazine as a great small place for business and by Retirement Lifestyles Magazine and Relocate-America as one of the top places to retire. It is home to Valdosta State University and to the nation