For Sale
$1,500,000

76 Highway 286 Chatsworth, GA 30705

Georgia Retail Property, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a single-story, 8,000-square-foot Family Dollar storefront located at 76 Highway 286, Chatsworth, GA 30705. The property sits on a 0.067-acre lot and is zoned C4-Commercial (APN: 0064A-019-002). Currently operating under a Net Lease (NNN) agreement with a corporate guarantee, the tenant has occupied the space for 10 years and has a remaining lease term of approximately 1.6 years (commencing July 1, 2024, and expiring June 30, 2026). The current Net Operating Income (NOI) is $68,000, yielding a 4.53% cap rate. However, the lease includes six six-year renewal options. If the first option is exercised in June 2026, the pro-forma NOI will increase to $107,076, resulting in a significantly higher 7.14% cap rate. The asking price for this property is $1,500,000, translating to a price per square foot of $187.50. This presents a compelling opportunity for investors seeking a stable, long-term, and appreciating asset with a strong national tenant. The property's 100% occupancy ensures immediate cash flow, and the potential for substantial cap rate growth makes this an attractive investment.

Highlights

  • NNN investment property with a strong tenant.
  • Family Dollar, a long-term tenant (10+ years), has a remaining lease term of 2 years with six 6-year renewal options.
  • Current cap rate: 4.53%.
  • Cap rate increases to 7.14% upon exercise of the next 6-year option in June 2026.

Property Details for 76 Highway 286

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
2,919 SF

Location Insight

City
Chatsworth
County
Murray
State
Georgia
Latitude
34.8264685
Longitude
-84.7749961

FAQs

What type of property is this?
Retail property - Georgia Retail Property, Strong Tenant
Where is the retail property located?
The property is located at 76 Highway 286 Chatsworth, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: NNN investment property with a strong tenant.; Family Dollar, a long-term tenant (10+ years), has a remaining lease term of 2 years with six 6-year renewal options.; Current cap rate: 4.53%.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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76 Highway 286
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