For Sale
$1,535,973

995 Winterville RdAthens, GA 30605

High-yield NNN Family Dollar investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a freestanding Family Dollar store, backed by Dollar Tree, Inc., operating under an absolute NNN lease with a remaining term of approximately 7.9 years, expiring September 30, 2032. The property boasts 8,247 square feet on a 1.01-acre lot, built in 2017, and enjoys 100% occupancy. The strong financial performance is highlighted by a 7.00% cap rate and a net operating income (NOI) of $107,518. Situated at 995 Winterville Rd, Athens, GA 30605, this location benefits from excellent visibility and high traffic counts, exceeding 6,740 vehicles per day, with easy access to US 78 and US 441 (combined traffic count: 52,000 VPD). The property's strategic location is further enhanced by its proximity to the University of Georgia (approximately 2 miles), serving a substantial student and faculty population of over 46,000. The surrounding area demonstrates strong demographics, with a population exceeding 104,161 within a 5-mile radius and an average household income exceeding $74,143 within the same radius. Rent bumps are included in the lease agreement. This investment offers a compelling combination of a strong tenant, favorable lease terms, and a prime location in a thriving market. The property's single-story building provides ease of management and maintenance.

Highlights

  • $1,535,973 asking price for a Family Dollar convenience store in Athens, GA.
  • Net-leased property with a 7.00% cap rate and $107,518 NOI.
  • 8,247 square feet on a 1.01-acre lot, built in 2017.
  • 15-year lease with 7.9 years remaining, expiring September 30, 2032; includes rent bumps.
  • 100% occupancy with excellent visibility and high traffic counts.

Property Details for 995 Winterville Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,247 SF
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9550363
Longitude
-83.3441334
995 Winterville Rd, Athens, Georgia

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995 Winterville Rd
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