3440 Ga-42Stockbridge, GA 30281

Property Details for 3440 Ga-42

Year built

2004

Lot size

1.14 AC

Property size (Sq ft)

9,014 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-story, 9,014 square foot Dollar General store located at 3440 GA-42, Stockbridge, GA 30281. Built in 2004 on a 1.14-acre lot, the property boasts a 100% occupancy rate with a corporate-guaranteed, Net Lease (NN) agreement. The current lease, commenced August 7, 2003, has a remaining term of nine years, with an 8% rent bump in the option period and options for one and five-year extensions. The property generates a strong Net Operating Income (NOI) of $85,113, resulting in a compelling 7.25% cap rate. The asking price is $1,174,000. This strategically located asset benefits from high daily traffic volume on GA-42, proximity to major thoroughfares like State Highway 138 and Eagles Landing Parkway, and its position within a densely populated residential area with over 34,985 residents within a 3-mile radius and over 88,296 within a 5-mile radius. The area also features two high schools with over 2,500 students and staff, significant new residential and commercial development including a major mixed-use development with national retailers, and a robust industrial distribution market. The property's proximity to Piedmont Henry Hospital further enhances its desirability. Dollar General, a Fortune 500 company with a strong investment-grade bond rating, demonstrates its commitment to this location through a recent early lease extension. This property offers a secure, high-performing investment with significant long-term potential.

Location Insight

City

Stockbridge

County

Henry

State

Georgia

Latitude

33.5333

Longitude

-84.1986

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