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).
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.
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Contacts
Josh Bishop
Kyle Matthews, CCIM
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1647 Lumpkin Rd, Columbus, Georgia, 31903
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1647 Lumpkin Rd, Columbus, Georgia, 31903
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1647 Lumpkin Rd
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