2601 Ga-138 Conyers, GA 30013
This exceptional investment opportunity presents a fee-simple, Class A, single-tenant, absolute NNN leased convenience store and grocery store. The 8,433 square foot Family Dollar store, built in 2016, is located on a 2.18-acre lot at a heavily trafficked intersection in Conyers, Georgia (30013), boasting over 18,000 vehicles daily. The property features 35 parking spaces and enjoys 100% occupancy since its lease commencement on September 1, 2016. The current lease has 6.6 years remaining on the initial 15-year term, with built-in rent bumps of 9.10% in year 11 and 10% in each of the six, five-year options. The property generates a substantial net operating income (NOI) of $122,272, resulting in a 7.85% cap rate and a price per square foot of $184.70. The property benefits from its location as the only dollar store within a 3-mile radius, situated across from Hightower Trail Elementary School, and is conveniently located 32 miles from Hartsfield-Jackson Atlanta International Airport. This prime location within the Atlanta MSA, the sixth most populous area in the U.S., offers significant potential for long-term growth and passive income. The property's strong performance and favorable lease terms make it an attractive investment for discerning buyers seeking a high-yield, low-maintenance asset in a thriving market.
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
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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.