3960 Carrollton Villa Rica Hwy Carrollton, GA 30116

Property Details for 3960 Carrollton Villa Rica Hwy

Year built

2004

Lot size

2.89 lot acres

Property size

15,900 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 15,900 square foot retail center in Carrollton, Georgia, presents a compelling investment opportunity. Anchored by a Dollar General store since 2004, this property boasts a strong 100% occupancy rate across four tenants, generating a substantial net operating income (NOI) of $153,076 and an 8.00% cap rate. The property features a 9,014 square foot net rentable area and sits on a 2.89-acre lot. Recent improvements include building paint (2022), parking lot sealing and striping (2023), and new HVAC units for Dollar General (2019). The Dollar General lease has been recently extended for five years with built-in rent increases. This center benefits from a high-traffic location on Carrollton Villa Rica Highway (24,200 vehicles per day), serving a population exceeding 25,000 within a five-mile radius, and is conveniently situated near the Fairfield Plantation Resort, a 1,500+ home community. The property also offers potential for outparcel development, adding further value. The asking price is $1,913,455, translating to $120.34 per square foot. This is a triple-net (NN+) lease with built-in rent bumps, providing a stable and attractive income stream for investors. The property's history of strong performance, coupled with its recent upgrades and prime location, makes it an ideal addition to any portfolio.

Location Insight

City

Carrollton

County

Carroll

State

Georgia

Longitude

-84.9724

Latitude

33.6441