For Sale
$3,500,000

2318 Old Cornelia HwyGainesville, GA 30507

High-return convenience store, liquor license included.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional, fee-simple retail property presents a lucrative investment opportunity. Located at 2318 Old Cornelia Hwy, Gainesville, GA 30507, this Class A, 5,000 square foot convenience store and liquor store boasts a prime location off I-985 exit 24, ensuring high visibility and accessibility. The single-story building, constructed in 2000 and extensively renovated in 2021, features 50 parking spaces on a 0.75-acre lot. Currently operating at 100% occupancy with a five-year lease (NNN), the property offers a stabilized investment with a compelling 18% cap rate and a $700 per square foot price. The sale includes both the real estate and the established business, complete with upgraded equipment and coolers. Zoned G-B (General Business), this property is ideal for an owner-user seeking a high-performing, established business with significant growth potential. The property's strong sales history and excellent location make it a rare find in the Gainesville market. Occupancy date is December 28, 2023.

Highlights

  • Strong year-over-year sales growth.
  • High visibility and convenient access from Exit 24 of I-985 in Gainesville, GA.

Property Details for 2318 Old Cornelia Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,000 SF
Class
A
Year Built/Renovated
2000/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
32,670 SF
Units
1

Location Insight

City
Gainesville
County
Hall
State
Georgia
Latitude
34.31403816
Longitude
-83.77916567
2318 Old Cornelia Hwy, Gainesville, Georgia

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2318 Old Cornelia Hwy
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