Current Use by Public Records
- Retail properties & Spaces
Property Details for 1032 Ga-50
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 10,000-square-foot Dollar Tree store in Georgetown, Georgia. Boasting a 7.15% cap rate and a strong corporate guarantee from Dollar Tree Stores, Inc., this property offers a secure, passive income stream. The 10-year lease, commencing August 1, 2024, and expiring July 31, 2034, includes $0.50 per square foot rent bumps in each option period. The property features a concrete parking lot and is situated on a main thoroughfare with over 5,800 vehicles passing daily. Located near Lake Eufaula, a renowned recreational area attracting significant tourism, the store benefits from a large customer base within a 3-mile radius (over 11,500 residents with an average income of $59,000). The strategic location near campgrounds and recreational areas, including 13 Corps of Engineers day-use parks, further enhances its appeal. The asking price is $1,811,188, translating to $181.12 per square foot. The property is a fee-simple ownership with a net lease structure (NN) and a 100% occupancy rate. The annual net operating income (NOI) is $129,500. This Class A retail property offers a rare combination of strong tenant credit, a prime location, and significant growth potential. The property is built to suit and is ideally positioned to capitalize on the substantial tourism and local residential population. The site's proximity to Lake Eufaula, known as the "Bass Fishing Capital of the World," ensures consistent foot traffic and revenue generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Quitman
- State
- Georgia
- Longitude
- -85.1001
- Latitude
- 31.8842
