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663 E Parker St, Baxley, GA, 31513

Dollar General
$832,727

Key Information

Cap Rate
8.25%
$ per SF
$81
Tot. SF
10,208
Lot Size
1.14 Acres
Year Built
2007
Term Remaining
±5.4 YRS
Type
Retail

Highlights

  • Investment Grade Tenant: This lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), a blue-chip, publicly traded entity. Dollar General maintains an investment-grade BBB credit rating from Standard & Poor’s, offering investors superior risk-adjusted security.
  • Prime Highway Location: Located along U.S. Route 341 (Golden Isles Parkway) with ±10,700 vehicles per day on E Parker St., providing strong visibility and access.
  • Substantial Market Capitalization: With a market cap exceeding $30 billion, Dollar General represents a robust retail powerhouse. Its financial scale allows for consistent earnings power and a proven ability to thrive in underserved markets, offering more stability and less volatility than its smaller-cap competitors.
  • Extensive National Footprint: Dollar General’s dominant presence—comprising ~21,000 stores across 48 states—provides a significant competitive moat. Their strategic penetration into rural and suburban markets ensures long-term operational viability and unmatched supply chain efficiency.
  • Contractual Rent Growth: The lease features a hedge against inflation with a 10% rental increase in each of the two (2) option periods. This structure ensures consistent growth in Net Operating Income (NOI) and protects the investor’s yield over the long term.
  • Extended Lease Term Potential: Beyond the initial firm term, the tenant has two (2) successive 5-year option periods. These options provide a clear roadmap for long-term tenancy, offering the landlord extended passive income and a potential 10-year extension beyond the base lease.
  • Top Brand Location Ranking: Top 64th percentile brand location ranking for all national Dollar General stores in the nation (Alphamaps).
  • Strong Customer Traffic: Averages 8,612 visits a month (Alphamaps).

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 80041, 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203