For Sale
$3,416,364

1294 Southern HighlandsBlairsville, GA 30512

High-yield, long-term VA lease in Blairsville.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, 12,096 square foot retail property located at 1294 Southern Highlands, Blairsville, Georgia 30512. The property, built in 2010, sits on a 5.3-acre lot and includes 57 parking spaces. Currently 100% occupied by the U.S. Department of Veterans Affairs under a lease commencing August 16, 2023, and expiring August 15, 2033, this asset offers a compelling 8.00% cap rate and a substantial net operating income (NOI) of $273,309.14. The asking price is $3,416,364. The lease includes a guaranteed annual rent increase of 2%. This build-to-suit facility was custom-designed to meet the specific needs of the Veterans Affairs, providing a secure and stable investment backed by the full faith and credit of the United States of America. The single-story building offers a strong tenant profile with a long-term lease, minimizing vacancy risk and providing predictable cash flow. This property represents a rare opportunity to acquire a high-quality, income-producing asset with significant upside potential.

Highlights

  • US Government-backed leases (Aaa-rated).
  • Custom-built facilities meeting VA specifications.
  • Long-term leases expiring in 2032 (Newnan) and 2033 (Blairsville).
  • ~2,880 SF expansion potential in Blairsville VA facility.
  • Guaranteed 2% annual rent escalations.

Property Details for 1294 Southern Highlands

Property type
Retail properties
Square Feet
12,096 SF
Year Built
2010
Stories
1
Lot Size (sq. ft)
230,868 SF

Location Insight

City
Blairsville
County
Union
State
Georgia
Latitude
34.9397783
Longitude
-84.1281933
1294 Southern Highlands, Blairsville, Georgia

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1294 Southern Highlands
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