13815 Hwy Thomasville, GA 31792
- Retail properties
- 500 SF
- 0.87 lot acres
Current Use by Public Records
- Retail properties
Property Details for 13815 Hwy
- Year built
- 2022
- Lot size
- 0.87 lot acres
- Property size
- 500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 500-square-foot, Class A, 7 Brew Coffee location in Thomasville, Georgia. Boasting a 15-year NNN lease with 10% rent bumps every five years, this property offers a strong 7.00% cap rate and a substantial NOI of $187,000. Built in 2022, the property features a dual drive-thru and is situated on a 0.87-acre lot along a major retail corridor on US Highway 19, experiencing daily traffic counts exceeding 29,000 vehicles. Its prime location benefits from excellent visibility and easy access, nestled within Thomasville's fastest-growing retail area, the second-largest city in Southwest Georgia. The area shows positive population growth trends, further enhancing the property's appeal. The strategic proximity to Archbold Memorial and Medical Center, a significant 264-bed hospital, and numerous national retailers including Lowe's, Publix, Walmart, Tractor Supply, TJ Maxx, Big Lots, Belk, Bealls, and Food Lion, ensures a robust customer base. Furthermore, its location near several schools, including Southern Regional Technical College and Thomasville High School, contributes to increased potential customer traffic. This turnkey investment offers a compelling combination of strong tenant performance, favorable lease terms, and a prime location in a thriving market. The asking price is $2,671,429, translating to a price per square foot of $5,342.86. The lease expires on March 31, 2039, leaving a substantial remaining term of approximately 14.4 years.
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
- Thomasville
- County
- Thomas
- State
- Georgia
- Longitude
- -83.944
- Latitude
- 30.8386
