Grocery Market with NNN
For Sale
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823 S Patterson St, Valdosta, GA 31601
Upgraded grocery-and-general-merchandise store supported by a corporate-guaranteed NNN lease.
Property Size12,480 SF
Days on Market144
Property Features for 823 S Patterson St
General Information
Standard status
Active
Size
12,480 SF
Property subtype
Retail
Additional Details
Traffic Count
20,400 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
(678) 808-2762
Listed By:
Don McMinn · License #GA 292036
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 4:00PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This 12,480 SF Dollar General Market combines the retailer’s general merchandise assortment with fresh produce, milk, meats, and other grocery products. The upgraded construction was planned as a relocation and expansion store, with delivery scheduled for July 2023. The property is subject to a 15-year corporate-guaranteed NNN lease under which the tenant is responsible for taxes, insurance, roof, and structure. Five 5-year option periods include 10% rent increases.
The store fronts Hwy 41, which carries 20,400 VPD, and sits 3 miles from Interstate 75, where traffic is reported at 55,700 VPD. Valdosta State University is 2.5 miles away, while the city’s main retail corridor and Valdosta Mall are 4 miles from the property. The address is 823 S Patterson St, Valdosta, GA 31601.
The store fronts Hwy 41, which carries 20,400 VPD, and sits 3 miles from Interstate 75, where traffic is reported at 55,700 VPD. Valdosta State University is 2.5 miles away, while the city’s main retail corridor and Valdosta Mall are 4 miles from the property. The address is 823 S Patterson St, Valdosta, GA 31601.
Key Highlights
- 12,480 SF upgraded Dollar General Market with fresh produce, milk, meats, groceries, and general merchandise
- 15‑year corporate‑guaranteed NNN lease with tenant responsibility for taxes, insurance, roof, and structure
- Five 5‑year option periods with 10% rent increases
Property Analytics
Property Profile
Current Use
Lease Details
20,400 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 35%
Groceries 28%
Piggly Wiggly
Groceries
15,721 visits/mo
0.3 miles
McDonald's
Dining
14,558 visits/mo
0.1 miles
Dollar Tree
Shops & Services
8,550 visits/mo
0.1 miles
Dollar General
Shops & Services
8,056 visits/mo
0.1 miles
Hardee's
Dining
5,081 visits/mo
0.1 miles
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Upgraded grocery-and-general-merchandise store supported by a corporate-guaranteed NNN lease.
Where is this grocery and convenience store located?
The property is located at 823 S Patterson St Valdosta, GA.
What are key features of this property?
This property features: 12,480 SF upgraded Dollar General Market with fresh produce, milk, meats, groceries, and general merchandise; 15‑year corporate‑guaranteed NNN lease with tenant responsibility for taxes, insurance, roof, and structure; Five 5‑year option periods with 10% rent increases
