For Sale
$1,200,000

652 Main St Pearson, GA 31642

High-yield retail center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 12,300-square-foot retail strip center located at 652 North Main Street, Pearson, Georgia 31642. Anchored by Dollar Tree and Family Dollar, occupying 10,500 square feet, this property boasts a strong tenant base. Family Dollar, a tenant since 2011, has a lease expiring January 31, 2027, with two five-year extension options, each including a 5% rent increase. The center also features two additional 900-square-foot retail spaces, one currently vacant, offering potential for increased revenue. The property sits on a 1.05-acre lot, zoned C-3, and benefits from excellent visibility on US Highway 441. Built in 1995, the single-story building received a new roof in 2023. The current occupancy rate is 92.68%, and the asking price is $1,200,000 ($97.56 per square foot). This investment offers a compelling opportunity to acquire a well-maintained retail center with strong, investment-grade credit tenants in a prime location. Dollar Tree, which acquired Family Dollar in 2015, is the second largest discount retailer in the United States, operating over 16,000 locations. The property's Parcel Identification Number (APN) is P004 013.

Highlights

  • Investment-grade credit tenant.
  • Dollar Tree (including Family Dollar) is a national, creditworthy tenant with over 16,000 locations.
  • High visibility from US Highway 441.

Property Details for 652 Main St

Property type
Neighborhood centers, Retail properties
Square Feet
12,300 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Pearson
County
Atkinson
State
Georgia
Latitude
31.3069776
Longitude
-82.8493317

FAQs

What type of property is this?
Neighborhood center - High-yield retail center, strong tenants.
Where is the neighborhood center located?
The property is located at 652 Main St Pearson, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Investment-grade credit tenant.; Dollar Tree (including Family Dollar) is a national, creditworthy tenant with over 16,000 locations.; High visibility from US Highway 441.
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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652 Main St
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