For Sale
$4,750,000

9465 Ga-5Douglasville, GA 30135

High-Yield NNN Pharmacy/Drug Store

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 14,333 square foot, single-tenant retail property in Douglasville, Georgia. Currently occupied by pOpshelf (a Dollar General division) under a sublease from Walgreens, this property boasts a strong 7.32% cap rate and a substantial NOI of $347,760. The absolute NNN lease, with a remaining term of approximately 2.9 years, provides significant passive income potential. Built in 2002 and renovated in 2022, the property sits on a 1.376-acre lot in a prime commercial zone, strategically located near major retailers like Walmart, Sam's Club, and Arbor Place Mall. The lease commenced October 1, 2002, and expires October 31, 2027, with a 10-5 year lease option. The property's strong tenant credit rating and high-traffic location make it an attractive investment for discerning buyers. The asking price is $4,750,000, representing a price per square foot of $331.40. This fee-simple ownership offers a secure and lucrative investment opportunity in a thriving retail market. The property is conveniently located just off I-20 and GA-5, providing easy access to a large customer base. The surrounding area boasts a high median household income and population density, further enhancing the property's investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing retail asset with a proven track record.

Highlights

  • $4,750,000 asking price for a 14,333 SF retail property.
  • Net lease investment opportunity with a credit-rated tenant (Dollar General, subleasing from Walgreens).
  • Absolute NNN lease with 2.9 years remaining on a 25.1-year term (expiring 10/31/2027).
  • $347,760 annual net operating income (NOI), resulting in a 7.32% cap rate and $331.40 price per square foot.
  • Located in Douglasville, GA, on 1.376 acres of commercially zoned land, built in 2002 and renovated in 2022.

Property Details for 9465 Ga-5

Property type
Retail properties, Drug stores
Square Feet
14,333 SF
Year Built/Renovated
2002/2022
Stories
1
Lot Size (sq. ft)
59,939 SF

Location Insight

City
Douglasville
County
Douglas
State
Georgia
Latitude
33.725285354631
Longitude
-84.762472179629
9465 Ga-5, Douglasville, Georgia

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9465 Ga-5
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