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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1555 Lakeview Dr Hiawassee, GA 30582

5,000 SF 0.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a 5,000 square foot Sherwin-Williams store in Young Harris, Georgia. Located at 1555 Lakeview Dr, this Class A, single-tenant retail property boasts a 24-year net lease with a credit-rated corporate guarantee from Sherwin-Williams (NYSE:SHW). The current lease, commencing May 21, 2007, and expiring April 30, 2031, has seven years remaining on the primary term, followed by thirteen five-year renewal options, each with an 8% rent escalation. The property sits on a 0.79-acre lot and benefits from a strong location on US Highway 76, a major thoroughfare with high daily traffic volume. The property's 100% occupancy since May 21, 2007, and consistent rent increases provide a stable and growing net operating income (NOI) of $61,428, yielding a 6.5% cap rate. The asking price is $945,046, translating to $189.01 per square foot. This investment offers a compelling combination of strong tenant credit, long-term lease security, and significant upside potential through built-in rent escalations, making it an attractive addition to any portfolio. The property is zoned commercial and was renovated in 2007. The favorable location in Young Harris, a popular vacation destination on Lake Chatuge, further enhances its investment appeal. This is a truly exceptional opportunity to acquire a high-quality, net-leased property with a proven track record of success.

Property profile
Verified
Property type Retail properties & Spaces
Total area 5,000 SF
Lot 0.79 ac (34,412 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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