1014 Hutchinson Ave Adel, GA 31620

This exceptional investment opportunity presents a 16,000-square-foot Dollar General Market situated at 1014 S Hutchinson Ave, Adel, GA 31620. The property boasts a strong 7.22% cap rate, generating a net operating income (NOI) of $72,200 annually. Secured by a corporate guarantee, the net lease (NN) agreement features a 10-year term commencing April 1, 2023, and expiring March 31, 2033, with four (5-year) renewal options, each including a 10% rent increase. The single-tenant building, constructed in 2003, sits on a 2.01-acre lot and offers 79 parking spaces. The property is 100% occupied and benefits from a newly remodeled interior, providing modern amenities to customers. Located in a high-traffic area, the store serves a community with an average household income of $55,000 within a one-mile radius. The property's permitted zoning is GB. This is a low-maintenance, high-return investment with significant long-term potential, offering minimal landlord responsibilities. The asking price is $1,000,000, translating to $62.50 per square foot.