100 Broad St Fairburn, GA 30213
- Retail properties
- 9,825 SF
- 0.59 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Beer Store
Property Details for 100 Broad St
- Year built
- 2015
- Lot size
- 0.59 lot acres
- Property size
- 9,825 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, Class A retail property featuring a Family Dollar store. Located at 100 NW Broad St, Fairburn, GA 30213, this 9,825 square foot building sits on a 0.59-acre lot with 31 parking spaces. The property boasts a strong 8.15% cap rate, generating a net operating income (NOI) of $146,300. The Absolute NNN lease with Family Dollar, a top-performing store (top 90% nationally and in Georgia), commenced September 30, 2015, and has a remaining term of approximately 5.9 years, expiring September 29, 2030. The lease includes 10% rent bumps in 2025 and in subsequent option periods (six 5-year options). This strategically located property within the Atlanta MSA benefits from a high-traffic intersection (NW Broad St and Strickland St), a dense population (over 86,000 within a 5-mile radius), and high average household income (over $88,000). The area is experiencing rapid population growth, projected to exceed 8.50% within a 1-mile radius between 2023 and 2028. The asking price is $1,796,000. This is a passive income investment with zero landlord responsibilities, offering a strong hedge against inflation. The property was built in 2015 and is currently 100% occupied.
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
- Fairburn
- County
- Fulton
- State
- Georgia
- Longitude
- -84.5784
- Latitude
- 33.5684
