1647 Lumpkin Rd Columbus, GA 31903-2721
- Commercial real estate
- 7,812 SF
- 1.00 lot acres
Nov 29, 2021
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 1647 Lumpkin Rd
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Property size
- 7,812 SF
- Property type
- Commercial real estate
- APN
- 063 016 015
- APU
- 63016015
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,354 square foot retail property in Columbus, Georgia. The property is currently 100% occupied by a portfolio of well-established national tenants: Dollar General, Dollar Tree, and Family Dollar, operating under a triple-net (NN+) lease structure with a corporate guarantee. Built in 2002, the single-story building benefits from a recently extended 10-year lease (commencing January 10, 2002, and expiring February 1, 2034), offering a remaining lease term of approximately 9.4 years. The lease includes four, five-year renewal options, each with a 10% rent increase. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $86,873. Located at 1647 S Lumpkin Rd, Columbus, GA 31903, this site enjoys exceptional visibility and high traffic counts, with approximately 112,000 vehicles passing daily. The surrounding area demonstrates robust demographics, with approximately 48,653 residents within a three-mile radius and 109,597 residents within a five-mile radius. Strong co-tenancy includes national brands such as Walmart, McDonald's, American Freight, Wells Fargo, Piggly Wiggly, Enterprise Rent-A-Car, KFC, and Wendy's. The tenant, rated BBB by S&P, is considered an investment-grade credit tenant and has demonstrated a long-term commitment to the location, having operated there for over 20 years. This property represents a secure and profitable investment opportunity with significant upside potential.
Value Estimations
-
AI approach
- Estimation
- $1,005,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,205,000
- 6.5%
- $1,385,000
- 7%
- $1,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,245,000
- Geo Method
- $1,360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,355,000
- Retail
- $1,525,000
- Mixed-Use
- $1,090,000
- Hospitality
- $1,370,000
- Educational
- $1,280,000
- Residential Income
- $1,345,000
- Energy
- $1,255,000
- Income-Based Land
- $1,470,000
- Food Service
- $1,160,000
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.951
- Latitude
- 32.4239
- CBSA code
- 17980
- CBSA name
- COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA
