Technical
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Property profile

0 Ga-32 Alma, GA 31510

OFF-MARKET
Retail properties & Spaces
10,640 SF 2.5 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Plus store in Alma, Georgia. Built in 2024, this single-story retail property sits on a 2.5-acre lot with 36 parking spaces and boasts a prominent location on GA Highway 32, a main thoroughfare with 5,789 vehicles passing daily. The property features an upgraded exterior design and is secured by a 15-year absolute NNN lease, commencing April 22, 2024, and expiring April 30, 2039, with a remaining term of 14.4 years. The lease includes five 5-year renewal options, each with a 5% rent increase. The tenant, Dollar General Corporation, holds an investment-grade credit rating of "BBB," providing significant financial security. The property's net operating income (NOI) is $134,436, resulting in a 6.60% cap rate based on the asking price of $2,036,909. The average household income within a three-mile radius is $47,206, and the population within ten miles is 11,627, demonstrating strong market demographics. This property is zoned commercial and offers zero landlord responsibilities, making it an ideal investment for a 1031 exchange or passive investor seeking a secure, high-return investment in a nationally recognized brand. The price per square foot is $191.44. The property is 100% occupied.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,640 SF
Lot 2.5 ac (108,900 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Ga-32 Alma, GA 31510
Alma metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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