For Sale
$1,999,000

1442 Tift AveTifton, GA 31794

High-yield retail investment in Tifton, GA

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 16,000 square foot retail property in Tifton, Georgia, currently occupied by Dollar General and Dollar Tree under a new 10.1-year Net Net Net (NNN) lease commencing August 21, 2024, and expiring September 30, 2034. The property boasts a strong 7.60% cap rate and a substantial net operating income (NOI) of $152,000. The asking price is $1,999,000, translating to a price per square foot of $124.94. The lease includes a corporate guarantee from Dollar Tree Stores, Inc., mitigating risk and ensuring consistent income. Built in 2002 and extensively renovated in 2024, the property features brand new HVAC units and a roof with a 20-year warranty, along with a newly sealed and striped parking lot. Situated on a 2.3-acre lot at 1442 Tift Ave N, Tifton, GA 31794, this location benefits from high visibility and proximity to other major retailers such as CVS, Walmart Neighborhood Market, and McDonald's. The lease includes rent bumps of $0.50 per square foot in the option periods. The property enjoys 100% occupancy with an occupancy date of September 24, 2024. This is a turnkey investment with a long-term lease and significant upside potential. The strong demographics of the area, with a population exceeding 30,000 within a 5-mile radius, further enhance the investment's attractiveness.

Highlights

  • 7.60% Cap Rate, Dollar General/Dollar Tree Net Lease Investment.
  • New 10-year NNN lease with corporate guarantee from Dollar Tree Stores, Inc.
  • Recently renovated in 2024, including new HVAC and roof (20-year warranty).
  • Newly sealed and striped parking lot.
  • Excellent Tifton, GA location near CVS, Walmart Neighborhood Market, and McDonald's.
  • 16,000 SF building on a 2.3-acre lot, 100% occupied.

Property Details for 1442 Tift Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
16,000 SF
Year Built/Renovated
2002/2024
Lot Size (sq. ft)
100,188 SF

Location Insight

City
Tifton
County
Tift
State
Georgia
Latitude
31.4676404
Longitude
-83.5035595
1442 Tift Ave, Tifton, Georgia

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1442 Tift Ave
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