For Sale
$1,393,548

706 Houston RdWarner Robins, GA 31093

High-Yield Dollar Tree Property

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple 12,000 square foot Dollar Tree store in Warner Robins, Georgia. Located at 706 N Houston Rd, this single-tenant property boasts a strong 9.2-year remaining lease term (expiring January 31, 2034), with four 5-year renewal options. The property, built in 2014, sits on a 1.05-acre lot and generates a substantial net operating income (NOI) of $108,000, resulting in an attractive 7.75% cap rate. The asking price is $1,393,548, translating to $116.13 per square foot. The lease is a net lease (NN+), minimizing landlord responsibilities. The property benefits from excellent visibility and accessibility, situated in a high-density area with over 80,886 people within a 5-mile radius and an average household income exceeding $66,888. Dollar Tree, a financially stable company with an investment-grade credit rating, provides significant security and growth potential. This is a rare opportunity to acquire a well-performing retail property with a long-term lease and a strong tenant in a thriving market. The property's financial performance, combined with the tenant's creditworthiness and lease terms, makes this an ideal investment for those seeking stable, long-term returns.

Highlights

  • 10-Year Remaining Lease with Dollar Tree, providing long-term investment stability.
  • NN+ Lease structure minimizes landlord responsibilities.
  • Four, 5-year lease extension options available.
  • Dollar Tree corporate guaranty secures the lease.
  • Excellent access from Green St and N Houston Rd.
  • High population density (80,886+ within 5 miles).

Property Details for 706 Houston Rd

Property type
Retail properties, Retail space
Square Feet
12,000 SF
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
45,738 SF
Units
1

Location Insight

City
Warner Robins
County
Houston
State
Georgia
Latitude
32.6271871
Longitude
-83.6409532
706 Houston Rd, Warner Robins, Georgia

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706 Houston Rd
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