13815 HwyThomasville, GA 31792

Property Details for 13815 Hwy

Year built

2022

Lot size

0.87 AC

Property size (Sq ft)

500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 500-square-foot, Class A, 7 Brew Coffee location in Thomasville, Georgia. Boasting a 15-year NNN lease with 10% rent bumps every five years, this property offers a strong 7.00% cap rate and a substantial NOI of $187,000. Built in 2022, the property features a dual drive-thru and is situated on a 0.87-acre lot along a major retail corridor on US Highway 19, experiencing daily traffic counts exceeding 29,000 vehicles. Its prime location benefits from excellent visibility and easy access, nestled within Thomasville's fastest-growing retail area, the second-largest city in Southwest Georgia. The area shows positive population growth trends, further enhancing the property's appeal. The strategic proximity to Archbold Memorial and Medical Center, a significant 264-bed hospital, and numerous national retailers including Lowe's, Publix, Walmart, Tractor Supply, TJ Maxx, Big Lots, Belk, Bealls, and Food Lion, ensures a robust customer base. Furthermore, its location near several schools, including Southern Regional Technical College and Thomasville High School, contributes to increased potential customer traffic. This turnkey investment offers a compelling combination of strong tenant performance, favorable lease terms, and a prime location in a thriving market. The asking price is $2,671,429, translating to a price per square foot of $5,342.86. The lease expires on March 31, 2039, leaving a substantial remaining term of approximately 14.4 years.

Location Insight

City

Thomasville

County

Thomas

State

Georgia

Latitude

30.8386

Longitude

-83.944

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