For Sale
$1,557,600

2601 Ga-138Conyers, GA 30013

Atlanta MSA, NNN Lease, Strong ROI

Overview

Added:
Feb 13
Days on market:
50
This exceptional investment opportunity presents a fee-simple, Class A, single-tenant, absolute NNN leased convenience store and grocery store. The 8,433 square foot Family Dollar store, built in 2016, is located on a 2.18-acre lot at a heavily trafficked intersection in Conyers, Georgia (30013), boasting over 18,000 vehicles daily. The property features 35 parking spaces and enjoys 100% occupancy since its lease commencement on September 1, 2016. The current lease has 6.6 years remaining on the initial 15-year term, with built-in rent bumps of 9.10% in year 11 and 10% in each of the six, five-year options. The property generates a substantial net operating income (NOI) of $122,272, resulting in a 7.85% cap rate and a price per square foot of $184.70. The property benefits from its location as the only dollar store within a 3-mile radius, situated across from Hightower Trail Elementary School, and is conveniently located 32 miles from Hartsfield-Jackson Atlanta International Airport. This prime location within the Atlanta MSA, the sixth most populous area in the U.S., offers significant potential for long-term growth and passive income. The property's strong performance and favorable lease terms make it an attractive investment for discerning buyers seeking a high-yield, low-maintenance asset in a thriving market.

Highlights

  • $1,557,600 asking price for a Class A, 8,433 SF Family Dollar retail property in Conyers, GA.
  • Absolute NNN lease with 6.6 years remaining, plus six 5-year options.
  • 7.85% cap rate with a $122,272 annual NOI.
  • Prime location at a heavily trafficked intersection, with over 18,000 vehicles daily.
  • Only Dollar Store within a 3-mile radius, near Hightower Trail Elementary School.

Property Details for 2601 Ga-138

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,433 SF
Class
A
Year Built/Renovated
2016/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
94,961 SF
Units
1

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.693734881673
Longitude
-83.960191044378
2601 Ga-138, Conyers, Georgia

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2601 Ga-138
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