1014 Hutchinson Ave Adel, GA 31620-5100
- Outlet malls
- 13,596 SF
- 2.00 lot acres
Current Use by Public Records
- DG Market / Fruit And Vegetable Store / Party Store
- Adel Post Office / Post Office
Property Details for 1014 Hutchinson Ave
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 2.00 lot acres
- Property size
- 13,596 SF
- Property type
- Outlet malls
- APN
- 0040G-100
- APU
- 0040G100
Description
This exceptional investment opportunity presents a 16,000-square-foot Dollar General Market situated at 1014 S Hutchinson Ave, Adel, GA 31620. The property boasts a strong 7.22% cap rate, generating a net operating income (NOI) of $72,200 annually. Secured by a corporate guarantee, the net lease (NN) agreement features a 10-year term commencing April 1, 2023, and expiring March 31, 2033, with four (5-year) renewal options, each including a 10% rent increase. The single-tenant building, constructed in 2003, sits on a 2.01-acre lot and offers 79 parking spaces. The property is 100% occupied and benefits from a newly remodeled interior, providing modern amenities to customers. Located in a high-traffic area, the store serves a community with an average household income of $55,000 within a one-mile radius. The property's permitted zoning is GB. This is a low-maintenance, high-return investment with significant long-term potential, offering minimal landlord responsibilities. The asking price is $1,000,000, translating to $62.50 per square foot.
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
- Adel
- County
- Cook
- State
- Georgia
- Longitude
- -83.4193
- Latitude
- 31.123
