Current Use by Public Records
- Cut's by Nikki Barbershop / Barber Shop
- Shear Country / Hair Salon
- Two Gals Simple Eats and Sweet Treats / Restaurant
- SOUTHERN GRACE & COMPANY / (Bike/Boat/Book/etc) Store
- Tree House Macarons / Bakery / (Bike/Boat/Book/etc) Store
Property Details for 4869 Main St
- Year built
- 2024
- Lot size
- 1.90 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Hoboken, Georgia. Built in 2024 and delivering in July, this single-tenant property boasts a 15-year absolute NNN lease with five, five-year renewal options, each featuring a 5% rent increase. The lease commenced July 24, 2024, and expires July 30, 2039, leaving a substantial 14.7-year remaining lease term. Located on a 1.9-acre lot at 4869 W Main St, Hoboken, GA 31542, this property benefits from high visibility and traffic counts exceeding 7,300 cars daily. The property's strong financial performance is reflected in a 6.50% cap rate and a net operating income (NOI) of $163,440, with a price per square foot of $201.48. The tenant, Dollar General, is a publicly traded company with a strong credit rating, providing significant financial stability and security. This is a relocation site, demonstrating the tenant's confidence in the location and its potential for continued success. The property is zoned commercial and offers a fee-simple ownership structure. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a blue-chip tenant and a long-term lease.
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
- Hoboken
- County
- Brantley
- State
- Georgia
- Longitude
- -82.1268
- Latitude
- 31.1814
