40081 Us Hwy 441 S Commerce, GA

This retail property is strategically located approximately 0.5 miles off I-85, the main interstate connecting Atlanta, GA, to Greenville, SC. Highway 441 provides direct connectivity to Athens, GA, and the University of Georgia (UGA), which is approximately 22 miles south of the subject property. UGA has over 41,615 students and approximately 10,740 employees. Athens hosts over 100,000 people during football weekends. The property is situated in a robust retail submarket with 2.2 million square feet and a low vacancy rate of 3.2%. It is less than 2 miles from Tanger Outlets Commerce, an approximately 371,408 square foot outlet mall with more than 70 outlets, serving as a regional shopping destination that draws from a 60-mile radius. Jackson County is one of the four fastest-growing counties in the US, according to the US Census Bureau. The property features a rare 20-year base term with four, 5-year renewal options. It includes an inflation hedge with 1.5% rent escalations every year throughout the entire lease. The property operates on an absolute triple net (NNN) lease structure with no landlord responsibilities, offering potential tax advantages with accelerated and bonus depreciation due to fee simple ownership. The property size is 5,000 square feet.