104 Hall StGarfield, GA 30425
- Other commercial real estate
- 9,100 SF
Property Details for 104 Hall St
- Year built
- 2019
- Lot size
- 1.10 AC
- Property size (Sq ft)
- 9,100 SF
- Property type
- Other commercial real estate
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,100-square-foot Dollar General store in Garfield, Georgia. The property boasts a 15.1-year absolute NNN lease with 9.7 years remaining on the primary term, followed by four five-year renewal options, each with a 10% rent increase. The lease is corporately guaranteed by Dollar General Corporation. Built in 2019, this single-story building sits on a 1.1-acre lot with 30 parking spaces and enjoys a prime corner location at Georgia Hwy 23 and Hall St. The property's strong financials are highlighted by a 7.60% cap rate based on a net operating income (NOI) of $83,604, and a price per square foot of $120.88. The asking price is $1,100,000. The property is 100% occupied and zoned for commercial use. This presents a compelling opportunity for passive investors seeking a secure, long-term investment with a credit-rated tenant and minimal landlord responsibilities. The surrounding area demonstrates strong demographics, with a 3-mile average household income of $62,437 and a 10-mile population of 6,955.
Location Insight
- City
- Garfield
- County
- Emanuel
- State
- Georgia
- Latitude
- 32.6484
- Longitude
- -82.0985
Comparable in this City
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