For Sale
$1,158,307

1647 Lumpkin RdColumbus, GA 31903

High-Yield Dollar General Triple Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
119
This fee-simple retail property in Columbus, Georgia offers a compelling investment opportunity. The 10,354 square foot building, constructed in 2002, sits on a one-acre lot and is currently 100% occupied by a triple-net (NN+) leased portfolio of Dollar General, Dollar Tree, and Family Dollar. The lease, with a corporate guarantee and an investment-grade credit rating, boasts a remaining term of 9.5 years, extending to February 1, 2034, with four, five-year renewal options, each including a 10% rent increase. The property generates a strong net operating income (NOI) of $86,873, resulting in an attractive 7.50% cap rate. The location benefits from high traffic volume, approximately 12,000 vehicles daily, and a dense population base: approximately 48,653 residents within a three-mile radius and 109,597 within five miles. Nearby retail establishments include Walmart, McDonald's, and other national brands. This is a rare opportunity to acquire a well-positioned, stable, and high-performing retail investment with a strong tenant history and significant future growth potential. The property's strong tenant history, including a recent 10-year lease extension, demonstrates the location's enduring appeal and market strength. This is a turn-key investment with a proven track record and significant upside. The asking price is $1,158,307.

Highlights

  • $1,158,307 asking price for a fee-simple, net-leased retail property.
  • 10,354 square foot building on a 1-acre lot, built in 2002.
  • 7.50% cap rate with a $86,873 NOI.
  • 100% occupancy with a single tenant: Family Dollar, a credit-rated, corporate-guaranteed tenant.
  • 9.5 years remaining on a 10-year lease with four, 5-year options at 10% rent increases.

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
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.423907520737
Longitude
-84.950788884449
1647 Lumpkin Rd, Columbus, Georgia

FAQs

What type of property is this?
Retail property - High-Yield Dollar General Triple Net Lease
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: $1,158,307 asking price for a fee-simple, net-leased retail property.; 10,354 square foot building on a 1-acre lot, built in 2002.; 7.50% cap rate with a $86,873 NOI.
How can I contact the broker?
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1647 Lumpkin Rd
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