Family Dollar
Summerville, Georgia
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Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar property located in 10205 Commerce St, Summerville, GA 30747. The site consists of roughly 8,320 rentable square feet of building space on a combined estimated 1.7-acres of land. The property is subject to an 7.37-year absolute triple-net (NNN) lease, which commenced on store opening date, on September 30th , 2014. The current annual rent is $95,432 and is scheduled to increase by ten percent (10%) every Five (5) years beginning Lease Year 11 and throughout the renewal option periods.
About the Investment
✓ Long-Term, Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Approximately 7.37 Years of Term Remaining
✓ Corporate Tenant | Corporate Guaranty
✓ Above Market Rental Increases | 10 % Every 5 Years
✓ Increases Run into Option Periods
About the Location
✓ Dense Retail Corridor | Dollar General, Advance Auto Parts, Circle-K, AutoZone, Taco
Bell, Bojangles, Burger King, McDonald’s, Aaron’s, Dollar Tree, Jack’s, CVS, Truist Bank, Ingles,
Subway, Regions Bank, and many more
✓ Strong Real Estate Fundamentals | Located In The Main Retail Corridor Of
Summerville, GA
✓ Strong Traffic Counts | Over 18,000 Vehicles per Day on Commerce St.
✓ Chattooga High School Located Down the Road | Over 700 Students Enrolled
✓ Commerce St. Is Home To Small Shops And A Few Restaurants. It Is Also Where You Will
Find The Chattooga County Court House – Built In 1909 And Is On The National Register Of Historic
Places. It Is Still In Use Today.
About the Tenant / Brand
✓ Long Term Operational History | Family Dollar has Been Operating in the Dollar Store
Industry For More than 60 Years
✓ Strong Commitment to Store Appearance | Family Dollar Plans to Have 1,000 of Their
Stores Remodeled by the End of 2019
✓ Family Dollar Is a Part of the Dollar Tree Family | Wholly Acquired in 2015 |
Fortune 200 Company Comprised of More than 15,000 Stores across the 48 Contiguous United States and
Five Canadian Provinces
✓ Publicly Traded Entity | NASDAQ: DLTR
✓ r Tree Has Announced
Plans to Hire More Than Associates in a Nationwide Hiring Initiative