For Sale
$5,120,000

40081 Us-441 Commerce, GA 30529

High-Yield Retail Investment: 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents the GX Market, a 5,000-square-foot convenience store located at 40081 US-441, Commerce, GA 30529. Boasting a strong 6.25% cap rate and a substantial net operating income (NOI) of $320,000, this property offers a compelling return on investment. The property benefits from a rare 20-year absolute triple-net (NNN) lease, minimizing landlord responsibilities and providing significant tax advantages through accelerated and bonus depreciation due to fee simple ownership. Further enhancing its value, the lease includes four 5-year renewal options and a built-in inflation hedge with annual 1.5% rent escalations. Strategically positioned approximately 0.5 miles from I-85, a major interstate connecting Atlanta, GA and Greenville, SC, the property enjoys excellent visibility and accessibility. Its proximity to Highway 441 provides direct access to Athens, GA and the University of Georgia (UGA), approximately 22 miles away, a significant source of potential customers with over 41,615 students and 10,740 employees. The robust retail submarket, featuring 2.2 million square feet of retail space and a low 3.2% vacancy rate, further underscores the property's potential. The location is less than 2 miles from Tanger Outlets Commerce, a 371,408-square-foot outlet mall attracting shoppers from a 60-mile radius. Built in 2024, this property is situated in Banks County, within Jackson County, one of the four fastest-growing counties in the US, according to the US Census Bureau. This presents a unique opportunity to acquire a high-performing asset in a rapidly expanding market.

Highlights

  • Less than half a mile from I-85, connecting Atlanta and Greenville.
  • Direct access to Athens, GA and the University of Georgia (UGA), approximately 22 miles away.
  • UGA boasts over 41,600 students and 10,700 employees.
  • Athens population swells to over 100,000 during football game weekends.
  • Strong retail market with 2.2 million square feet and 3.2% vacancy.
  • Less than 2 miles from Tanger Outlets Commerce, a 371,408 square foot outlet mall.

Property Details for 40081 Us-441

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,000 SF
Year Built
2024

Location Insight

City
Commerce
County
Banks
State
Georgia
Latitude
34.2445666
Longitude
-83.4576706

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment: 20-Year Lease
Where is the retail property located?
The property is located at 40081 Us-441 Commerce, GA.
What is the asking price?
The asking price for this property is $5,120,000.
What are key features of this property?
This property features: Less than half a mile from I-85, connecting Atlanta and Greenville.; Direct access to Athens, GA and the University of Georgia (UGA), approximately 22 miles away.; UGA boasts over 41,600 students and 10,700 employees.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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40081 Us-441
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