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FAMILY DOLLAR | SUMMERVILLE, GEORGIA

Purchase Price
$1,235,000
Location
10205 Commerce St
Cap Rate
8.50%
Annual Rent
$104,975.04
Building Size
9,270 SF
Land Area
1.67 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
3.25 Years
LEASE EXPIRATION
9/30/2029
Renewal Options
Six (6) - Five (5) Year
RENT INCREASES
10% at Options
Parking
45 Spaces
Year Built
2014
APN
00S2600000084
Traffic Counts
18,264 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • Approximately 3.25 Years of Guaranteed Lease Term Remaining (Lease Exp: September 2029)
  • 2014 Construction - Build-to-Suit Family Dollar
  • 9,270 SF Building | 1.67 Acre Parcel
  • Six (6) - Five (5) Year Option Periods with 10% Rental Increases
 

ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
 

JAMES H. "SLOPPY" FLOYD STATE PARK:

  • Located 4 Miles from the Subject Property
  • 561-Acre Park with Two Lakes, Camping, Hiking, Picnic Areas and a Waterfall
  • Draws Approximately 220,000 Visitors Annually
  • The Park Features Two Lakes - An 18-Acre Upper Lake and a Larger Lower Lake Where Paddle Board, Kayak, Canoe and Paddle Boat Rentals Are Available
 

PROXIMITY FROM SUMMERVILLE, GEORGIA:

  • Rome, GA | 24 Miles
  • Dalton, GA | 38 Miles
  • Chattanooga, TN | 44 Miles
  • Atlanta, GA | 89 Miles
  • Huntsville, AL | 92 Miles
  • Athens, GA | 148 Miles
  • Greenville, SC | 215 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 3,818 Residents | $53,290 Average Household Income
  • 3-Mile Population: 10,439 Residents | $63,276 Average Household Income
  • 5-Mile Population: 15,396 Residents | $66,166 Average Household Income
  • 7-Mile Population: 20,310 Residents | $67,083 Average Household Income
  • 10-Mile Population: 26,945 Residents | $70,275 Average Household Income
  • 15-Mile Population: 49,618 Residents | $83,706 Average Household Income

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