Ga-32 Alma, GA 31510
- Retail properties
- 10,640 SF
- 2.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Ga-32
- Year built
- 2024
- Lot size
- 2.50 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alma
- County
- Bacon
- State
- Georgia
- Longitude
- -82.4555
- Latitude
- 31.5382
