17002 Ga Hwy 129 Macon, GA 31217-8544
- Outlet malls
- 9,432 SF
- 2.34 lot acres
Current Use by Public Records
- Dollar General / Grocery Store / Dollar Store
Property Details for 17002 Ga Hwy 129
- Year built
- 2018
- Construction
- STEEL FRAME
- Lot size
- 2.34 lot acres
- Property size
- 9,432 SF
- Zone code
- COMM
- Property type
- Outlet malls
- APN
- T008D 092
- APU
- T008D092
Description
This exceptional portfolio comprises two strategically located retail properties: a Dollar General in Macon, Georgia (built 2018), and a combined Dollar Tree/Family Dollar in Steinhatchee, Florida (built 2021). Both boast strong corporate guarantees from investment-grade rated companies (Dollar General Corp. and Dollar Tree, Inc.). The Macon property benefits from its location in Georgia's fourth-largest city, offering a robust market and a long-term lease with multiple option periods including 10% rent increases. The Steinhatchee location, a build-to-suit property, features a 20-year transferable roof warranty and a unique position as one of only two stores in the city selling alcohol, adding to its revenue potential. Florida's tax-free status further enhances the investment's attractiveness. The portfolio offers a 7.35% cap rate and presents a compelling opportunity for investors seeking a stable, high-yield return in the resilient dollar store sector. Both properties are absolute NNN leases, eliminating landlord responsibilities. The Macon property is a brick construction building, ensuring durability and long-term value. The Steinhatchee property has over seven years remaining on its current lease term. This portfolio represents a rare opportunity to acquire a diversified, high-performing retail investment with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,085,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,235,000
- 6.5%
- $1,210,000
- 7%
- $1,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,260,000
- Geo Method
- $1,115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,365,000
- Retail
- $1,005,000
- Mixed-Use
- $1,025,000
- Hospitality
- $1,165,000
- Educational
- $1,365,000
- Residential Income
- $1,405,000
- Energy
- $1,045,000
- Income-Based Land
- $1,310,000
- Food Service
- $1,160,000
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Twiggs
- State
- Georgia
- Longitude
- -83.5449
- Latitude
- 32.7102
- CBSA code
- 31420
- CBSA name
- MACON, GA METROPOLITAN STATISTICAL AREA
