For Sale
$1,727,419

27320 Us-80 Portal, GA 30450

High-yield retail investment; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, freestanding Family Dollar/Dollar Tree combination store, constructed in 2023, boasting 10,500 square feet on a 1.7-acre lot in Portal, Georgia. The property benefits from a 10.1-year Net Net lease (NN) with a remaining term of 9.1 years commencing December 10, 2023, and expiring December 30, 2033. The lease includes rent bumps in each option period, providing consistent income growth. The property enjoys a prominent location on US-80, offering excellent visibility and accessibility. With a 7.75% cap rate and a Net Operating Income (NOI) of $133,875, this asset represents a compelling addition to any portfolio. The asking price is $1,727,419, translating to $164.52 per square foot. The tenant, Family Dollar Tree, is backed by the investment-grade credit of Dollar Tree, Inc., minimizing capital expenditures due to new construction warranties. The tenant is responsible for common area maintenance (CAM), ensuring passive ownership. The property's location within a 5-mile radius boasting an average household income exceeding $66,000 further enhances its appeal. Its proximity to Statesboro, GA (approximately 12 miles) and Interstate 16 (approximately 15 miles) provides convenient access to a larger market. This single-tenant, single-story building offers a secure and profitable investment opportunity with significant long-term potential.

Highlights

  • $1,727,419 asking price for a new 2023-built Family Dollar/Dollar Tree combo store.
  • 10,500 square feet on a 1.7-acre lot in Portal, GA.
  • NN lease with 9.1 years remaining (lease expires 12/30/2033).
  • 7.75% cap rate with a $133,875 NOI.
  • Located on a main corridor with high visibility, approximately 12 miles from Statesboro, GA and 15 miles from I-16.

Property Details for 27320 Us-80

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Portal
County
Bulloch
State
Georgia
Latitude
32.5378971
Longitude
-81.9318884

FAQs

What type of property is this?
Retail property - High-yield retail investment; strong tenant.
Where is the retail property located?
The property is located at 27320 Us-80 Portal, GA.
What is the asking price?
The asking price for this property is $1,727,419.
What are key features of this property?
This property features: $1,727,419 asking price for a new 2023-built Family Dollar/Dollar Tree combo store.; 10,500 square feet on a 1.7-acre lot in Portal, GA.; NN lease with 9.1 years remaining (lease expires 12/30/2033).
How can I contact the broker?
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27320 Us-80
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