1442 Tift N Ave Tifton, GA 31794-3545

This exceptional investment opportunity presents a 16,000 square foot retail property in Tifton, Georgia, currently occupied by Dollar General and Dollar Tree under a new 10.1-year Net Net Net (NNN) lease commencing August 21, 2024, and expiring September 30, 2034. The property boasts a strong 7.60% cap rate and a substantial net operating income (NOI) of $152,000. The asking price is $1,999,000, translating to a price per square foot of $124.94. The lease includes a corporate guarantee from Dollar Tree Stores, Inc., mitigating risk and ensuring consistent income. Built in 2002 and extensively renovated in 2024, the property features brand new HVAC units and a roof with a 20-year warranty, along with a newly sealed and striped parking lot. Situated on a 2.3-acre lot at 1442 Tift Ave N, Tifton, GA 31794, this location benefits from high visibility and proximity to other major retailers such as CVS, Walmart Neighborhood Market, and McDonald's. The lease includes rent bumps of $0.50 per square foot in the option periods. The property enjoys 100% occupancy with an occupancy date of September 24, 2024. This is a turnkey investment with a long-term lease and significant upside potential. The strong demographics of the area, with a population exceeding 30,000 within a 5-mile radius, further enhance the investment's attractiveness.