For Sale
$1,174,000

3440 Ga-42Stockbridge, GA 30281

Georgia Retail Property, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a single-story, 9,014 square foot Dollar General store located at 3440 GA-42, Stockbridge, GA 30281. Built in 2004 on a 1.14-acre lot, the property boasts a 100% occupancy rate with a corporate-guaranteed, Net Lease (NN) agreement. The current lease, commenced August 7, 2003, has a remaining term of nine years, with an 8% rent bump in the option period and options for one and five-year extensions. The property generates a strong Net Operating Income (NOI) of $85,113, resulting in a compelling 7.25% cap rate. The asking price is $1,174,000. This strategically located asset benefits from high daily traffic volume on GA-42, proximity to major thoroughfares like State Highway 138 and Eagles Landing Parkway, and its position within a densely populated residential area with over 34,985 residents within a 3-mile radius and over 88,296 within a 5-mile radius. The area also features two high schools with over 2,500 students and staff, significant new residential and commercial development including a major mixed-use development with national retailers, and a robust industrial distribution market. The property's proximity to Piedmont Henry Hospital further enhances its desirability. Dollar General, a Fortune 500 company with a strong investment-grade bond rating, demonstrates its commitment to this location through a recent early lease extension. This property offers a secure, high-performing investment with significant long-term potential.

Highlights

  • Dollar General, an investment-grade tenant (S&P: BBB/Stable), occupies the property under a corporate-guaranteed, Net-Net-Net (NNN) lease. Landlord responsibilities are limited to roof, parking lot, structure, and HVAC.
  • The lease features a $9.44 PSF base rent and has nine years remaining following a recent extension, demonstrating strong tenant commitment.
  • Dollar General operates over 20,000 stores nationwide and is aggressively expanding, with 2,385 real estate projects planned this year.
  • Dollar General is a Fortune 500 company, consistently ranked among Fortune's Most Admired Companies and a top performer on various retail rankings.

Property Details for 3440 Ga-42

Property type
Retail properties, Retail space
Square Feet
9,014 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
49,658 SF

Location Insight

City
Stockbridge
County
Henry
State
Georgia
Latitude
33.5332992
Longitude
-84.1985638
3440 Ga-42, Stockbridge, Georgia

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3440 Ga-42
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