For Sale
$936,774

2020 Gordon Hwy Augusta, GA 30909

High-yield retail investment; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 9,180-square-foot Family Dollar store in Augusta, Georgia, situated on a 0.84-acre lot. The property boasts a 7.75% cap rate and a strong net lease with a corporate guarantee from Family Dollar, a nationally recognized brand. The lease, originally commenced on November 20, 2003, has a remaining term of approximately 4.6 years, with five 5-year renewal options. The building, constructed in 2004 and recently renovated, is situated in a B-2 zoned area. The property's strong performance is underscored by a current NOI of $72,600 and a price per square foot of $102.05. The asking price is $936,774. The average household income within a 3-mile radius is $50,000, indicating a robust market. This single-story building offers a reliable income stream, further enhanced by the inclusion of rent bumps within the lease options. This is a compelling investment opportunity for those seeking a stable, high-yield retail property with a long-standing, creditworthy tenant. Note that adjoining parcels, including a storage facility and an office building, are also available for sale, each with its own 5-year lease.

Highlights

  • Family Dollar, a national brand, occupies the property, demonstrating long-term commitment since 2003.
  • The property boasts strong sales performance.
  • The 9,180 square foot building features modern amenities due to a 2023 renovation.
  • The site benefits from a high average household income of $50,000 within a 3-mile radius.
  • Two adjoining properties with new 5-year leases (Store-Mor Storage and an office building) are also available for sale.

Property Details for 2020 Gordon Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,180 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.4517327
Longitude
-82.0545886

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 2020 Gordon Hwy Augusta, GA.
What is the asking price?
The asking price for this property is $936,774.
What are key features of this property?
This property features: Family Dollar, a national brand, occupies the property, demonstrating long-term commitment since 2003.; The property boasts strong sales performance.; The 9,180 square foot building features modern amenities due to a 2023 renovation.
How can I contact the broker?
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2020 Gordon Hwy
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