105 Armstead Cir Griffin, GA 30223

This exceptional investment opportunity presents a newly constructed (2024), freestanding Dollar General Market store located at 105 Armstead Cir, Griffin, GA 30223, within the Atlanta Metro Area. The property boasts a 1.4-acre lot and features upgraded four-sided full brick construction. This single-tenant, net-leased (NNN) property offers a substantial 14.9 years remaining on a 15.1-year lease, commencing September 13, 2024, and expiring September 30, 2039. The lease includes a favorable rent structure with a 5% increase every five years throughout the initial term and each option period. The property enjoys excellent visibility, with over 5,960 vehicles passing daily. The surrounding area demonstrates strong demographics, with a household income exceeding $90,739 within a 10-mile radius and a population of over 115,716 within the same area. Griffin, GA's strategic location, approximately 2 miles from Downtown Griffin and 36 miles from Downtown Atlanta, further enhances its appeal. The property's current Net Operating Income (NOI) is $159,960, resulting in a compelling 6.50% cap rate. This sale is for a leaseback, and the asking price is $2,460,923. The credit-rated Dollar General tenant ensures a secure and stable investment. The property is 100% occupied.