76 Highway 286 Chatsworth, GA 30705
- Retail properties
- 8,000 SF
- 0.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 76 Highway 286
- Lot size
- 0.07 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a single-story, 8,000-square-foot Family Dollar storefront located at 76 Highway 286, Chatsworth, GA 30705. The property sits on a 0.067-acre lot and is zoned C4-Commercial (APN: 0064A-019-002). Currently operating under a Net Lease (NNN) agreement with a corporate guarantee, the tenant has occupied the space for 10 years and has a remaining lease term of approximately 1.6 years (commencing July 1, 2024, and expiring June 30, 2026). The current Net Operating Income (NOI) is $68,000, yielding a 4.53% cap rate. However, the lease includes six six-year renewal options. If the first option is exercised in June 2026, the pro-forma NOI will increase to $107,076, resulting in a significantly higher 7.14% cap rate. The asking price for this property is $1,500,000, translating to a price per square foot of $187.50. This presents a compelling opportunity for investors seeking a stable, long-term, and appreciating asset with a strong national tenant. The property's 100% occupancy ensures immediate cash flow, and the potential for substantial cap rate growth makes this an attractive investment.
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
- Chatsworth
- County
- Murray
- State
- Georgia
- Longitude
- -84.775
- Latitude
- 34.8265
