1294 Southern Highlands Blairsville, GA 30512
- Retail properties
- 12,096 SF
- 5.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1294 Southern Highlands
- Year built
- 2010
- Lot size
- 5.30 lot acres
- Property size
- 12,096 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a single-tenant, 12,096 square foot retail property located at 1294 Southern Highlands, Blairsville, Georgia 30512. The property, built in 2010, sits on a 5.3-acre lot and includes 57 parking spaces. Currently 100% occupied by the U.S. Department of Veterans Affairs under a lease commencing August 16, 2023, and expiring August 15, 2033, this asset offers a compelling 8.00% cap rate and a substantial net operating income (NOI) of $273,309.14. The asking price is $3,416,364. The lease includes a guaranteed annual rent increase of 2%. This build-to-suit facility was custom-designed to meet the specific needs of the Veterans Affairs, providing a secure and stable investment backed by the full faith and credit of the United States of America. The single-story building offers a strong tenant profile with a long-term lease, minimizing vacancy risk and providing predictable cash flow. This property represents a rare opportunity to acquire a high-quality, income-producing asset with significant upside potential.
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
- Blairsville
- County
- Union
- State
- Georgia
- Longitude
- -84.1282
- Latitude
- 34.9398
