Dollar General Retail
For Sale
Contact for pricing
1060 Magic Hill Loop, Shiloh, GA 31826
Built in 2024 and leased under an absolute NNN structure.
Property Size10,640 SF
Lot Size1.75 Acres
Price / SF$219.73
Days on Market8
Property Features for 1060 Magic Hill Loop
General Information
Standard status
Active
Size
10,640 SF
Total Parking Spaces
62
Lot size
1.75 Acres
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$196,000
Financials
Asking Price
$2,800,000
Cap Rate
7%
Opportunity Zone
No
Site & Location
Frontage
100 ft
Corner Location
Yes
Drive-Thru
No
Pylon Signage
Yes
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Liquor License
No
Building Details
Year Built
2024
Stories
1
Tenancy
Single
Construction
masonry
Abandoned
No
Listing Agency:
BCI
Listed By:
Jonathan Cheung · License #CA 02172507
Source:
Crexi
Added: Aug 28
Changed: Sep 2
Last Checked: Sep 2 at 2:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BCI
Investment Insights
Based on property information with market context.
This 10,640-square-foot retail property was completed in 2024 and is occupied by Dollar General. The lease provides a 13-year term, uses an absolute NNN structure, and includes a corporate guarantee.
The property is located at 1060 Magic Hill Loop in Shiloh, GA 31826, offering a clearly identified retail asset with an established tenant and defined lease structure.
The property is located at 1060 Magic Hill Loop in Shiloh, GA 31826, offering a clearly identified retail asset with an established tenant and defined lease structure.
Key Highlights
- 10,640‑square‑foot retail property
- Built in 2024
- Dollar General occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,592,040
$2.6M
Cap Rate 7%
$1,851,457
$1.9M
Cap Rate 9%
$1,440,022
$1.4M
Market Conditions
NOI Build-Up for 10,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$194.1K $18.24/SF
− Vacancy
−$8.9K −$0.84/SF
EGI
$185.1K $17.40/SF
− OpEx
−$55.5K −$5.22/SF
NOI
$129.6K $12.18/SF
Area
Harris County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,592,040
Cap Rate 7%
$1,851,457
Cap Rate 9%
$1,440,022
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,602 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,650 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Dollar General Market
Groceries
4,429 visits/mo
0.1 miles
Demographics for 31826, GA
2,007
Population
999
Households
2
Avg Household Size
48
Median Age
17%
College-Educated
85%
High-School Grad
51.5 sq mi
ZIP Area
39
Density / Sq Mi
$82,617
Median Household Income
$39,500
Median Earnings
$1,208
Median Rent
$167,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Built in 2024 and leased under an absolute NNN structure.
Where is this retail space located?
The property is located at 1060 Magic Hill Loop Shiloh, GA.
What is the asking price?
The asking price for this property is $2,337,969.
What are key features of this property?
This property features: 10,640‑square‑foot retail property; Built in 2024; Dollar General occupancy
