6301 Veterans Pkwy Columbus, GA 31909-3789

Property Details for 6301 Veterans Pkwy

Year built

2015

Lot size

6.20 lot acres

Property size

18,146 SF

Property type

Commercial real estate

APN

189 017 025

APU

189017025

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased Dollar Tree store in Columbus, Georgia, the state's second-largest city. The 10,000-square-foot building, constructed in 2023, sits on a zero-lot-line site along Veterans Parkway, a high-traffic thoroughfare boasting over 30,000 vehicles per day. The property benefits from a highly desirable location within a dense retail corridor, surrounded by major retailers including Lowe's, Sam's Club, and Target, and directly across from Piedmont Columbus Regional Hospital. The current lease, commencing July 20, 2023, and expiring May 31, 2033, offers a remaining term of 8.5 years with five 5-year renewal options, each including a $0.50 per square foot rent increase. The below-market rent of $12 per square foot provides significant upside potential. The strong demographics are undeniable, with over 62,000 residents within a three-mile radius and an average household income exceeding $90,000. The corporate guarantee from Dollar Tree ensures a passive income stream and long-term occupancy potential. This Class A property offers a 6% cap rate and a $2,000,000 asking price, representing an attractive $200 per square foot cost. The property's NOI is $120,000. This is a rare opportunity to acquire a fundamentally sound investment in a prime retail location with exceptional growth prospects. The 10,000 square feet of air rights are included in the sale. The lot size is between one and six acres. This offering is suitable for a 1031 exchange.

Location Insight

City

Columbus

County

Muscogee

State

Georgia

Longitude

-84.9564

Latitude

32.5354

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments