21 Bartley RdLaGrange, GA 30241

Property Details for 21 Bartley Rd

Year built

2024

Lot size

1.00 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a newly constructed, 10,500 square foot Family Dollar store in LaGrange, Georgia. Located on Bartley Rd, near Interstate 85, this property benefits from high visibility and strong traffic counts. The building features brick construction and a concrete parking lot. The 10-year lease, commencing April 1, 2024, and expiring March 31, 2034, includes 8% rent bumps in the four or five-year option periods, providing significant long-term growth potential. The property boasts a 7.65% cap rate and a strong net operating income (NOI) of $142,275. The tenant, Dollar Tree, Inc., is investment-grade rated, ensuring financial stability. The property sits on a 1-2 acre lot and is situated near popular tourist attractions such as The Great Wolf Lodge and Callaway Gardens, further enhancing its appeal. This fee-simple ownership offers a passive investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property is offered as a 1031 exchange opportunity. The sale price is $1,859,803, translating to $177.12 per square foot. This is a single-tenant, Class A retail property with a 100% occupancy rate. The lease is a Net Lease (NN+) structure.

Location Insight

City

LaGrange

County

Troup

State

Georgia

Latitude

32.979

Longitude

-84.9921

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