For Sale
$399,000

691 Talbotton St Greenville, GA 30222

High-Yield Dollar Store, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional retail investment opportunity presents a 13,100-square-foot convenience store/grocery store/storefront located at 691 N Talbotton St, Greenville, GA 30222. The property, built in 1979 and situated on a 2.97-acre lot, boasts a 7.51% cap rate and a strong net operating income (NOI) of $29,972. Currently operating at 100% occupancy under a triple-net (NNN) lease with a corporate guarantee, the lease expires December 30, 2025, leaving approximately 1.1 years remaining. The tenant is a subsidiary of a large, established operator with over 420 units across 15 southeastern states. The property benefits from a high-traffic location on North Talbotton Street, averaging over 5,600 vehicles daily. A strong demographic profile supports the business, with over 2,600 residents within a 5-mile radius and an average household income exceeding $69,000. Its proximity to Greenville High School and West Georgia Technical College further enhances its appeal. The asking price is $399,000, representing a compelling investment opportunity in a stable and well-performing retail asset. The property is offered fee simple.

Highlights

  • Affiliated with a 420-unit multifamily operator.
  • High traffic location on Talbotton St, exceeding 5,600 vehicles daily.
  • 13,100 square foot building.
  • Generous 2.97-acre lot.
  • Strong demographics: Average household income over $69,000 within a 5-mile radius.

Property Details for 691 Talbotton St

Property type
Retail properties, Retail space
Square Feet
13,100 SF
Year Built
1979
Lot Size (sq. ft)
129,373 SF

Location Insight

City
Greenville
County
Meriwether
State
Georgia
Latitude
33.0318255
Longitude
-84.714331

FAQs

What type of property is this?
Retail property - High-Yield Dollar Store, NNN Lease
Where is the retail property located?
The property is located at 691 Talbotton St Greenville, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Affiliated with a 420-unit multifamily operator.; High traffic location on Talbotton St, exceeding 5,600 vehicles daily.; 13,100 square foot building.
How can I contact the broker?
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691 Talbotton St
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