167 Butler Ave | Midway, GA 31320
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167 Butler Ave
Midway, GA 31320
Dollar General · Retail Property For Sale
Investment Highlights
- Corporate Lease with Investment Grade Credit Tenant
- Rare Rent Increases in the Primary Term | 5% Rent Bump in 2025
- Retailers Nearby Include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner, Pizza Peddler and more
- Upgraded Brick Construction
- Recent Lease Extension Showing Tenant Commitment to the Site
- Midway, GA is Located Approximately 30 Miles Southwest of Savannah, GA
Executive Summary
CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in a Dollar General located in Midway, GA. The 12,480 square foot property sits on 1.45 acres. The property is subject to a double net lease with over five years of firm term remaining. The lease is corporately guaranteed by Dollar General which boasts an investment grade credit rating of ‘BBB’ by Standard & Poors. The tenant recently completed a five year lease extension showing commitment to the site. There is a 5% rent increase in 2025 and in the first option. The remaining options all feature 10% rent increases.
The subject property is positioned near the intersection of Butler Ave and E Oglethorpe Highway which sees roughly 10,600 vehicles per day. Retailers nearby include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner and more. Live Oak Villas, a 60 unit apartment complex, is located less than one-half mile from the subject property. There are approximately 8,700 people residing within five miles of the subject property.
The subject property is positioned near the intersection of Butler Ave and E Oglethorpe Highway which sees roughly 10,600 vehicles per day. Retailers nearby include O’Reilly Auto Parts, Family Dollar, USPS, Midway IGA Foodliner and more. Live Oak Villas, a 60 unit apartment complex, is located less than one-half mile from the subject property. There are approximately 8,700 people residing within five miles of the subject property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
B
Year Built
2009
Price
$2,044,057 CAD
Price Per SF
$164 CAD
Cap Rate
8.05%
NOI
$164,549 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.45 AC
Zoning
B2
PROPERTY TAXES
Parcel Number | 213D-054 | Improvements Assessment | $389,255 CAD |
Land Assessment | $94,930 CAD | Total Assessment | $484,185 CAD |
PROPERTY TAXES
Parcel Number
213D-054
Land Assessment
$94,930 CAD
Improvements Assessment
$389,255 CAD
Total Assessment
$484,185 CAD
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