1162 Walnut St Louisville, GA 30434
- Retail properties
- 10,640 SF
- 3.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1162 Walnut St
- Year built
- 2023
- Lot size
- 3.80 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,640 square foot Dollar General store located at 1162 Walnut St, Louisville, GA 30434. Built in 2023, this is a relocation and expansion of an existing store, demonstrating the tenant's commitment to the Louisville market. The property sits on a 3.8-acre lot and benefits from a high-traffic location at the intersection of Hwy 1 & Walnut Street (10,900 VPD), directly across from Ingles Grocery Store. Other national retailers nearby include McDonald's, Popeyes, Circle K, and Pizza Hut. The property features a 15-year absolute NNN lease (13.4 years remaining) with Dollar General, a Fortune 500 company and S&P investment-grade tenant (BBB rating). The lease includes 10% rent increases during each of the five, 5-year option periods. The current annual net operating income (NOI) is $117,552, resulting in a 6.50% cap rate and a price per square foot of $170.02. The asking price for this exceptional investment is $1,809,000. Louisville's strategic location, 40 miles southwest of Augusta (home to the Masters Tournament and Fort Gordon), contributes to its strong economic outlook. Augusta's growth in cyber-based employment further enhances the area's appeal and long-term investment potential. This is a turnkey investment with a strong tenant and a secure long-term lease.
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
- Louisville
- County
- Jefferson
- State
- Georgia
- Longitude
- -82.3982
- Latitude
- 33.0103
