1265 College Station Rd, Athens, GA 30605

Property Details for 1265 College Station Rd

Year built

2024

Lot size

1.52 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree located in Athens, Georgia. The property boasts a strong 7.00% cap rate, a 10-year net lease with a corporate guarantee from Dollar Tree, Inc., a company with a market capitalization exceeding $28 billion and an S&P credit rating of BBB. The lease commenced October 31, 2024, and expires October 30, 2034, providing long-term stability. Rent bumps of $5,000 are included every five years. Situated on a 1.52-acre lot, this Class A retail building is strategically positioned at a signalized intersection on College Station Road, experiencing 21,000 vehicles per day. Its prime location offers exceptional access to a significant student population, with proximity to two large student housing communities (Polo Club Athens Apartments and Reserves at Athens), totaling over 1,185 beds, and the University of Georgia (40,000 students and 7,700 staff). Further enhancing its appeal is its adjacency to the UGA Veterinary Teaching Hospital and a dense residential area with over 1,600 apartments within a one-mile radius. The property also benefits from a high concentration of major retailers within a one-mile radius, including Publix, Kroger, Chick-fil-A, and Wendy's, totaling over 576,000 square feet of retail space. The property's net operating income (NOI) is $210,000. All warranties will be assigned to the new owner. This is a fee-simple ownership opportunity with a single tenant occupancy and four five-year lease options. The asking price is $3,000,000.

Location Insight

City

Athens

County

Clarke

State

Georgia

Longitude

-83.3477

Latitude

33.9221