9465 Ga-5 Douglasville, GA 30135
- Retail properties
- 14,333 SF
- 1.38 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9465 Ga-5
- Year built
- 2002
- Lot size
- 1.38 lot acres
- Property size
- 14,333 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 14,333 square foot, single-tenant retail property in Douglasville, Georgia. Currently occupied by pOpshelf (a Dollar General division) under a sublease from Walgreens, this property boasts a strong 7.32% cap rate and a substantial NOI of $347,760. The absolute NNN lease, with a remaining term of approximately 2.9 years, provides significant passive income potential. Built in 2002 and renovated in 2022, the property sits on a 1.376-acre lot in a prime commercial zone, strategically located near major retailers like Walmart, Sam's Club, and Arbor Place Mall. The lease commenced October 1, 2002, and expires October 31, 2027, with a 10-5 year lease option. The property's strong tenant credit rating and high-traffic location make it an attractive investment for discerning buyers. The asking price is $4,750,000, representing a price per square foot of $331.40. This fee-simple ownership offers a secure and lucrative investment opportunity in a thriving retail market. The property is conveniently located just off I-20 and GA-5, providing easy access to a large customer base. The surrounding area boasts a high median household income and population density, further enhancing the property's investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing retail asset with a proven track record.
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
- Douglasville
- County
- Douglas
- State
- Georgia
- Longitude
- -84.7625
- Latitude
- 33.7253
