For Sale
$1,158,307

1647 Lumpkin RdColumbus, GA 31903

High-traffic, triple-net leased retail center.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a fee-simple ownership of a 10,354 square foot retail property in Columbus, Georgia. The property is currently 100% occupied by a portfolio of well-established national tenants: Dollar General, Dollar Tree, and Family Dollar, operating under a triple-net (NN+) lease structure with a corporate guarantee. Built in 2002, the single-story building benefits from a recently extended 10-year lease (commencing January 10, 2002, and expiring February 1, 2034), offering a remaining lease term of approximately 9.4 years. The lease includes four, five-year renewal options, each with a 10% rent increase. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $86,873. Located at 1647 S Lumpkin Rd, Columbus, GA 31903, this site enjoys exceptional visibility and high traffic counts, with approximately 112,000 vehicles passing daily. The surrounding area demonstrates robust demographics, with approximately 48,653 residents within a three-mile radius and 109,597 residents within a five-mile radius. Strong co-tenancy includes national brands such as Walmart, McDonald's, American Freight, Wells Fargo, Piggly Wiggly, Enterprise Rent-A-Car, KFC, and Wendy's. The tenant, rated BBB by S&P, is considered an investment-grade credit tenant and has demonstrated a long-term commitment to the location, having operated there for over 20 years. This property represents a secure and profitable investment opportunity with significant upside potential.

Highlights

  • 2002 build-to-suit Family Dollar; 10-year lease with four 5-year options, each with a 10% rent increase.
  • Family Dollar's 20+ year history at this location demonstrates strong market performance and commitment, recently extending their lease early.
  • High traffic location: ±12,000 vehicles daily at the intersection of S Lumpkin Road.
  • Strong demographics: ±48,653 residents within 3 miles and ±109,597 within 5 miles.
  • Co-tenancy includes Walmart, McDonald's, American Freight, Wells Fargo, Piggly Wiggly, Enterprise, KFC, Wendy's, and others.
  • Corporate guaranteed lease with an investment-grade credit tenant (S&P rated BBB).

Property Details for 1647 Lumpkin Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,354 SF
Year Built
2002
Buildings
1
Stories
1

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.423906
Longitude
-84.9511217
1647 Lumpkin Rd, Columbus, Georgia

FAQs

What type of property is this?
Retail property - High-traffic, triple-net leased retail center.
Where is the retail property located?
The property is located at 1647 Lumpkin Rd Columbus, GA.
What is the asking price?
The asking price for this property is $1,158,307.
What are key features of this property?
This property features: 2002 build-to-suit Family Dollar; 10-year lease with four 5-year options, each with a 10% rent increase.; Family Dollar's 20+ year history at this location demonstrates strong market performance and commitment, recently extending their lease early.; High traffic location: ±12,000 vehicles daily at the intersection of S Lumpkin Road.
How can I contact the broker?
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1647 Lumpkin Rd
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