Dollar General

Investment Overview

Exclusive Realty is pleased to present a corporate Dollar General at 9 Waverly Circle in Waverly Hall, Georgia, offered at $564,000, an 8.00% cap on $45,120 of annual income. The freestanding 9,014 square foot store sits on 1.1 acres, was built in 2006, and has been occupied since January 2007 on a NN lease carrying a corporate guarantee. Roughly 5.4 years remain on the current term, with three five‑year options that carry occupancy through January 2047. Rent is the number that matters. At $5.01 per square foot, roughly a third of what small‑format retail commands in most markets, the payment is easy for the tenant to justify at renewal and easy for the market to replace if it ever came back. Dollar General has already answered that question here, extending in March 2026 for another five years. Basis is the other half of the story. At $62.57 per square foot the buyer takes fee simple title to land and improvements for materially less than a comparable store costs to build today, and close to what the real estate would command with no lease attached. Very little of the price is being paid for the income, which is what limits the downside. Waverly Hall is the market Dollar General was built for: a Harris County community 25 miles northeast of Columbus drawing on roughly 5,656 residents within five miles, with no competing dollar store within a six mile drive and no grocery or big box short of a trip toward Columbus or Hamilton. Retail supply in a town this size is thin and expensive to add, which protects a store already established here. Under the NN structure the tenant carries taxes, insurance, and maintenance, leaving the landlord responsible for roof, structure, parking lot, and HVAC replacement. Ownership replaced HVAC in 2025 and restriped the parking lot in 2024. Buyers should carry a reserve for these items and confirm condition during diligence.

Investment Highlights

• No competing dollar store within six miles. The nearest store of any dollar banner is Dollar General's own location in Ellerslie, roughly six miles out. The nearest Family Dollar is about twelve miles and the nearest Dollar Tree about thirteen. This store serves the trade area alone
• $62.57 per square foot purchase price. Materially below what a comparable 9,000 square foot store costs to build today, and close to the value of the land and building with no lease attached. Very little of the price is being paid for the income stream
• Small towns are the business model. Dollar General reached 21,148 stores by serving markets too small to support a grocer or a big box, and roughly 75% of the U.S. population now lives within five miles of one. Waverly Hall is a textbook version
• $5.01 per square foot rent. Roughly a third of typical small‑format retail rents. Low basis rent is the single strongest protection an owner has: easy for the tenant
• to renew, easy for the market to replace