2710 US Hwy 41 S

Valdosta (Dasher), GA

Retail for Sale - $1,187,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #930121
Location2710 US Hwy 41 S
Valdosta (Dasher) GA 31601
Last UpdatedMarch 29th, 2017


Property Description

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’s top high school football team, the Wildcats. Within a 5-mile radius, the population is 23,810 and has an average household income of $37,429.


>> 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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