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Property profile & analytics
OFF-MARKET Estimated value $1,105,000
Outlet malls

17002 Ga Hwy 129 Macon, GA 31217-8544

9,432 SF 2.34 ac lot Built 2018
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US22-3257811
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2018
Construction STEEL FRAME
Total area 9,432 SF
Lot 2.34 ac (101,930 SF)
Zoning code COMM
APN T008D 092
UPID US22-3257811
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
$1.38M
Comparable Approach Comparable
$842k
Blend (final) Blend
$1.11M
Owner & transaction history
Shajanand 3 LLC · 1 yrs held
Shajanand 3 LLC
since 2025
Last sale
$1.3M
2 recorded transactions
2025
$1.3M
2021
$1.7M
Zoning & alternative use
COMM · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.5M +81.9%
Medical building $1.2M +45.4%
Commercial (general) $910,000 +9.3%
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