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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

Key Details

Price:
$1,590,534
Cap Rate:
6.00%
Annual Rent:
$95,432
Address:
10205 Commerce Street, Summerville, Georgia 30747
Property Type:
Net Lease Dollar Store
Lease Type:
Triple Net (NNN)

Original Lease Term:
15 Years
Lease Commencement:
9/30/2014
Lease Expiration:
9/30/2029
Lease Term Remaining:
7.37 Years
Rental Increases:
10% Every 5 Years
Lot Size:
1.7 Acres
Building Size:
9,180 SF
Year Built:
2014
Tenant:
Family Dollar

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Judson Kauffman

License: 10401296108

Hannan Ben Yosef

License: 10401358655

Broker of record

John Leonard

License: 252904


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