1701 Kings Chapel Rd Perry, GA 31069
- Retail properties
- 10,640 SF
- 1.81 lot acres
Current Use by Public Records
- Dollar General / Dollar Store
Property Details for 1701 Kings Chapel Rd
- Year built
- 2023
- Lot size
- 1.81 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple, 10,640 square foot Dollar General PLUS store, built in 2023, located at 1701 Kings Chapel Rd, Perry, GA 31069. The property boasts a 14-year remaining lease term (initial 15-year lease commencing July 31, 2023, expiring July 31, 2038) with five, 5-year renewal options, each including a 10% rent increase. The absolute NNN lease structure eliminates management responsibilities, and the tenant, Dollar General Corporation, provides a corporate guarantee and boasts an investment-grade credit rating. This premium-constructed building (no metal sides) benefits from a strong location within a thriving market. The 1.81-acre lot serves a 3-mile population of approximately 18,993 residents and a 5-mile population of approximately 30,284 residents, with an average household income of $100,971. The property generates a strong net operating income (NOI) of $134,988, resulting in a 6.65% cap rate. The estimated population growth within a 1-mile radius is projected at 7.13% over the next five years. This is a turnkey investment with significant long-term potential. The property is 100% occupied.
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
- Perry
- County
- Houston
- State
- Georgia
- Longitude
- -83.7175
- Latitude
- 32.4669
