FAMILY DOLLAR | SUMMERVILLE, GEORGIA
INVESTMENT SUMMARY
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
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

