For Sale
$2,000,000

6301 Veterans PkwyColumbus, GA 31909

High-traffic Dollar Tree, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased Dollar Tree store in Columbus, Georgia, the state's second-largest city. The 10,000-square-foot building, constructed in 2023, sits on a zero-lot-line site along Veterans Parkway, a high-traffic thoroughfare boasting over 30,000 vehicles per day. The property benefits from a highly desirable location within a dense retail corridor, surrounded by major retailers including Lowe's, Sam's Club, and Target, and directly across from Piedmont Columbus Regional Hospital. The current lease, commencing July 20, 2023, and expiring May 31, 2033, offers a remaining term of 8.5 years with five 5-year renewal options, each including a $0.50 per square foot rent increase. The below-market rent of $12 per square foot provides significant upside potential. The strong demographics are undeniable, with over 62,000 residents within a three-mile radius and an average household income exceeding $90,000. The corporate guarantee from Dollar Tree ensures a passive income stream and long-term occupancy potential. This Class A property offers a 6% cap rate and a $2,000,000 asking price, representing an attractive $200 per square foot cost. The property's NOI is $120,000. This is a rare opportunity to acquire a fundamentally sound investment in a prime retail location with exceptional growth prospects. The 10,000 square feet of air rights are included in the sale. The lot size is between one and six acres. This offering is suitable for a 1031 exchange.

Highlights

  • Single-tenant, net-leased Dollar Tree in Columbus, GA, the state's second-largest city.
  • 10,000 SF building on a zero-lot-line site with high traffic counts (Veterans Parkway, 30,000+ VPD).
  • Below-market rent of $12/SF with $0.50/SF escalations every five years throughout the 10-year primary term and five 5-year options.
  • Strong demographics: over 62,000 residents within 3 miles, average household income $90,000.
  • Excellent location near major retailers (Lowe's, Sam's Club, Target) and Piedmont Columbus Regional Hospital.
  • Corporate guarantee from Dollar Tree, offering passive income and long-term occupancy potential.

Property Details for 6301 Veterans Pkwy

Property type
Retail properties, Retail space
Square Feet
10,000 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.5358086
Longitude
-84.9566377
6301 Veterans Pkwy, Columbus, Georgia

FAQs

What type of property is this?
Retail property - High-traffic Dollar Tree, strong ROI.
Where is the retail property located?
The property is located at 6301 Veterans Pkwy Columbus, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Single-tenant, net-leased Dollar Tree in Columbus, GA, the state's second-largest city.; 10,000 SF building on a zero-lot-line site with high traffic counts (Veterans Parkway, 30,000+ VPD).; Below-market rent of $12/SF with $0.50/SF escalations every five years throughout the 10-year primary term and five 5-year options.
How can I contact the broker?
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6301 Veterans Pkwy
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