Grocery and Convenience Store with Walk-In
For Sale
$500,000
1717 Broad Street, Lumpkin, GA 31815
Recently renovated convenience store with a new walk-in cooler, updated air conditioning, and city water and sewage.
Property Size1,958 SF
Price / SF$261.23
Days on Market15
Property Features for 1717 Broad Street
General Information
Standard status
Active
Size
1,958 SF
Property subtype
Other
Additional Details
Business Included
Yes
Utilities to Site
Yes
Amenities
0.19 acres, City Lot, Corner Lot
Public Sewer
Annual Amount: $953, Year: 25
Central Air
Central
Cumulative Days on Market: 11, 11 days on market, On Market Date: 2026-07-26
On Street
Built in 1958, Retail
County: Stewart
Resale
Electricity Available, High Speed Internet, Public
Close Of Escrow
Building Details
Building Size
1,958 SF
Year Built
1958
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 584-8187
Listed By:
Angie McKernan
(770) 584-8187
Source:
Blackstreaminternational
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 9 at 5:05AM
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 Keller Williams Realty Atl. Partners
Investment Insights
Based on property information with market context.
Shoppers Stop Food Mart is a closed-down convenience store offered for sale as-is, including the business and the real estate, with the transaction structured as an all-cash sale (no owner financing) and no store lease. The inside store area has been recently renovated, including a brand-new walk-in cooler. Additional reported updates include fiberglass tanks and new air-conditioners.
The seller is also including a brand-new vent hood and all new cooking equipment designed to support opening a deli within the store. The property has no game machine (COAM) currently, and it includes a separate room that is already wired to open up.
The store has city water and city sewage. It is located at 1717 Broad Street in Lumpkin, GA 31815, next door to a bank and across the street from the post office. The building was constructed in 1958 and is approximately 1,914 SF.
The seller is also including a brand-new vent hood and all new cooking equipment designed to support opening a deli within the store. The property has no game machine (COAM) currently, and it includes a separate room that is already wired to open up.
The store has city water and city sewage. It is located at 1717 Broad Street in Lumpkin, GA 31815, next door to a bank and across the street from the post office. The building was constructed in 1958 and is approximately 1,914 SF.
Key Highlights
- Approximately 1,914 SF convenience store with recently renovated interior and a brand‑new walk‑in cooler
- Brand‑new vent hood and all new cooking equipment to support deli operations within the store
- Separate room is already wired for a game machine (COAM not currently present)
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
$24,979
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
5.00%
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%
$499,580
$499.6K
Cap Rate 7%
$356,843
$356.8K
Cap Rate 9%
$277,544
$277.5K
Market Conditions
NOI Build-Up for 1,914 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
$34.9K $18.24/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$33.3K $17.40/SF
− OpEx
−$8.3K −$4.35/SF
NOI
$25.0K $13.05/SF
Area
Stewart County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
25.00%
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%
$499,580
Cap Rate 7%
$356,843
Cap Rate 9%
$277,544
Alternative Uses
Best Use
Specialty Retail
$356.8K
$312.2K – $416.3K
NOI $24,979 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$333.1K
$291.4K – $388.6K
NOI $23,314 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$428.3K
$374.7K – $499.6K
NOI $29,978 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,692 visits/mo
0.4 miles
Demographics for 31815, GA
3,136
Population
969
Households
3.2
Avg Household Size
38
Median Age
11%
College-Educated
64%
High-School Grad
252.9 sq mi
ZIP Area
12
Density / Sq Mi
$36,771
Median Household Income
$28,889
Median Earnings
$45,500
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?
Grocery and convenience store - Recently renovated convenience store with a new walk-in cooler, updated air conditioning, and city water and sewage.
Where is this grocery and convenience store located?
The property is located at 1717 Broad Street Lumpkin, GA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 1,914 SF convenience store with recently renovated interior and a brand‑new walk‑in cooler; Brand‑new vent hood and all new cooking equipment to support deli operations within the store; Separate room is already wired for a game machine (COAM not currently present)
