Property summary
This exceptional investment opportunity presents a single-tenant, net-leased Dollar Tree storefront in Tyrone, Georgia, within the Atlanta MSA. The 14,693 square foot building sits on a 1.85-acre lot at a high-traffic intersection (Joel Cowan Parkway and Tyrone Road, experiencing over 34,700 vehicles per day). A new 10-year lease commenced August 24, 2024, and expires February 28, 2035, with four 5-year renewal options, each including a 3% rent increase. The current rent is below market ($15.98/sf vs. $22.79/sf market rate, per CoStar). The property boasts a recently installed new roof with a 20-year transferable warranty. Dollar Tree, an investment-grade tenant (BBB rating from Standard & Poor's), occupies the entire building at 100% occupancy. The property generates a strong NOI of $234,821, resulting in a 7.05% cap rate. The location benefits from strong demographics, with over 57,000 people residing within a five-mile radius and a six-figure average household income ($162,280) within a three-mile radius. Nearby retailers include Publix, CVS, and several others. The property is also conveniently located less than two miles from Sandy Creek High School. This offering presents a compelling combination of a strong tenant, favorable lease terms, and a prime location within a thriving market, making it an ideal addition to any investment portfolio. The asking price is $3,330,794. Built in 2004.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
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Physician
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Pharmacy
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C C1 · Tyrone, GAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C C1 in Tyrone, GA.
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