117 May Ave Lincolnton, GA 30817

Building Details

Year Built

1998

Listing agency b***@franklinst.com Show Phone

Listed by Bryan Belk · License #GA (Broker of Record) #329335

Source Franklinst

Added: Apr 1 Updated: Jul 10 at 3:56PM Checked: Jul 10 at 3:56PM

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Investment Insights

Based on property information with market context.

This retail strip center is located in Lincolnton, Georgia, approximately 30 miles from Augusta. The property is situated on the corner of Elm Street and May Avenue, with a traffic count exceeding 5,000 vehicles per day. The location benefits from its proximity to the Savannah River and Clark's Hill Lake, attracting visitors to the area. The tenant mix includes national brands such as BP, Hardee's, Dollar General, the US Postal Office, and Texaco. The anchor tenant, Family Dollar, has operated at this location for over 25 years and recently extended their lease for an additional 10 years, resulting in a remaining firm term of 13+ years. The Family Dollar store reports strong sales metrics of $2.35M. The property also includes a 1,400 square foot small shop space, currently occupied by a local vape shop with a below-market rental rate of $8.57 per square foot, presenting potential for future rental upside. The center of town location out positions Dollar General.

Key Highlights

• Family Dollar: 13+ years remaining on their lease, showing commitment.
• Strong store metrics: $2.35M in sales.
• Potential for increased rental income with Family Dollar near percentage rent breakpoint.

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FAQs

What type of property is this?

Strip mall - Retail strip center anchored by Family Dollar in Lincolnton, GA.

Where is this strip mall located?

The property is located at 117 May Ave Lincolnton, GA.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Family Dollar: 13+ years remaining on their lease, showing commitment.; **Strong store metrics: $2.35M in sales.**; Potential for increased rental income with Family Dollar near percentage rent breakpoint.