For Sale
$633,000

607 Main StLaFayette, GA 30728

Georgia Convenience Store, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store in LaFayette, Georgia. Located at 607 South Main St, 30728, this 9,100 square foot building sits on a 0.88-acre lot and boasts a strong 7.30% cap rate, based on a current NOI of $46,200. The property, built in 2003, benefits from a credit-rated tenant with a lease extending to August 30, 2028, offering 3.8 years of remaining lease term. A significant advantage is the inclusion of one five-year lease option with a 10% rent increase upon renewal. The property's occupancy is 100%, and the asking price is $633,000 ($69.56/sq ft). This established location, one of three Dollar Generals in LaFayette, has served the community since its opening in February 2003, demonstrating the strength and stability of this retail asset. The property's one-story design and convenient location contribute to its overall appeal. This is a compelling investment opportunity due to the long-term lease, strong tenant, and attractive financial metrics.

Highlights

  • 9,100 SF building on a 0.88-acre lot, built in 2003.
  • Dollar General lease extended to 8/31/2028.
  • One five-year lease option with a 10% rent increase.
  • Strong tenant history: Dollar General has occupied the property since 2003.

Property Details for 607 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF

Location Insight

City
LaFayette
County
Walker
State
Georgia
Latitude
34.69783887
Longitude
-85.28079512
607 Main St, LaFayette, Georgia

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607 Main St
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