1555 Lakeview DrHiawassee, GA 30582
Young Harris, GA: Strong 6.5% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Fee-simple ownership of a 5,000 SF Sherwin-Williams (NYSE: SHW) store in Young Harris, GA.
- 24-year net lease with seven years remaining, plus thirteen 5-year renewal options, each with an 8% rent increase.
- Located on 0.79 acres at 1555 Lakeview Dr, US Highway 76, a high-traffic area.
- $945,046 asking price ($189.01/SF), 6.5% cap rate, $61,428 annual NOI.
- Strong location in a popular vacation destination near Lake Chatuge, with over 10,400 residents and 4,800 employees within a 5-mile radius.
Property Details for 1555 Lakeview Dr
- Property type
- Retail properties, Retail space
- Square Feet
- 5,000 SF
- Class
- A
- Year Renovated
- 2007
- Stories
- 1
- Lot Size (sq. ft)
- 34,412 SF
Location Insight
- City
- Hiawassee
- County
- Towns
- State
- Georgia
- Latitude
- 34.9711097
- Longitude
- -83.8230633
Nearby Similar for Sale
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