Property summary
This exceptional investment opportunity presents a brand-new, freestanding Family Dollar/Dollar Tree combination store, constructed in 2023, boasting 10,500 square feet on a 1.7-acre lot in Portal, Georgia. The property benefits from a 10.1-year Net Net lease (NN) with a remaining term of 9.1 years commencing December 10, 2023, and expiring December 30, 2033. The lease includes rent bumps in each option period, providing consistent income growth. The property enjoys a prominent location on US-80, offering excellent visibility and accessibility. With a 7.75% cap rate and a Net Operating Income (NOI) of $133,875, this asset represents a compelling addition to any portfolio. The asking price is $1,727,419, translating to $164.52 per square foot. The tenant, Family Dollar Tree, is backed by the investment-grade credit of Dollar Tree, Inc., minimizing capital expenditures due to new construction warranties. The tenant is responsible for common area maintenance (CAM), ensuring passive ownership. The property's location within a 5-mile radius boasting an average household income exceeding $66,000 further enhances its appeal. Its proximity to Statesboro, GA (approximately 12 miles) and Interstate 16 (approximately 15 miles) provides convenient access to a larger market. This single-tenant, single-story building offers a secure and profitable investment opportunity with significant long-term potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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