1555 Lakeview Dr Hiawassee, GA 30582
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.