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    652 Main St Pearson, GA 31642

    Sponsored
    For Sale
    $1,200,000

    High-yield retail center, strong tenants.

    Property size:
    12,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 12,300-square-foot retail strip center located at 652 North Main Street, Pearson, Georgia 31642. Anchored by Dollar Tree and Family Dollar, occupying 10,500 square feet, this property boasts a strong tenant base. Family Dollar, a tenant since 2011, has a lease expiring January 31, 2027, with two five-year extension options, each including a 5% rent increase. The center also features two additional 900-square-foot retail spaces, one currently vacant, offering potential for increased revenue. The property sits on a 1.05-acre lot, zoned C-3, and benefits from excellent visibility on US Highway 441. Built in 1995, the single-story building received a new roof in 2023. The current occupancy rate is 92.68%, and the asking price is $1,200,000 ($97.56 per square foot). This investment offers a compelling opportunity to acquire a well-maintained retail center with strong, investment-grade credit tenants in a prime location. Dollar Tree, which acquired Family Dollar in 2015, is the second largest discount retailer in the United States, operating over 16,000 locations. The property's Parcel Identification Number (APN) is P004 013.

    Property Features for 652 Main St

    General Information

    Property type
    Neighborhood centers
    Square Feet
    12,300 SF
    Lot Size
    45,738 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1

    HighLights

    • Investment‑grade credit tenant.
    • Dollar Tree (including Family Dollar) is a national, creditworthy tenant with over 16,000 locations.
    • High visibility from US Highway 441.
    Property Profile Location Intelligence

    Current Use by Public Records

    CK Ice House ... Ice Supplier

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearson
    County
    Atkinson
    State
    Georgia
    Longitude
    -82.8493317
    Latitude
    31.3069776

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Neighborhood center - High-yield retail center, strong tenants.
    Where is this neighborhood center located?
    The property is located at 652 Main St Pearson, GA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Investment-grade credit tenant.; Dollar Tree (including Family Dollar) is a national, creditworthy tenant with over 16,000 locations.; High visibility from US Highway 441.
    (229) 349-3884
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    652 Main St Pearson, GA 31642
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