525 Valleywood Rd Tyrone, GA 30290-2449
- Retail space
- 14,375 SF
- 1.85 lot acres
Dec 04, 2023
Current Use by Public Records
- Dollar Tree / Party Store / School Supply Store
- higi / Health Consultant
- Diem Phan / Pharmacy
- Johannes Smit / Pharmacy
Property Details for 525 Valleywood Rd
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.85 lot acres
- Property size
- 14,375 SF
- Zone code
- C C1
- Property type
- Retail space
- APN
- 0727 072
- APU
- 727072
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,160,000
- ML approach
- $3,245,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,370,000
- 6.5%
- $3,110,000
- 7%
- $2,890,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,101,000
- AI Estimate
- $2,720,000
Market price range: $1.76M - $5.57MMarket price range: $729k - $3.09M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,510,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,315,000 Change: -6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Tyrone
- County
- Fayette
- State
- Georgia
- Longitude
- -84.5867
- Latitude
- 33.4788
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA