105 Armstead CirGriffin, GA 30223

Property Details for 105 Armstead Cir

Year built

2024

Lot size

1.40 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a newly constructed (2024), freestanding Dollar General Market store located at 105 Armstead Cir, Griffin, GA 30223, within the Atlanta Metro Area. The property boasts a 1.4-acre lot and features upgraded four-sided full brick construction. This single-tenant, net-leased (NNN) property offers a substantial 14.9 years remaining on a 15.1-year lease, commencing September 13, 2024, and expiring September 30, 2039. The lease includes a favorable rent structure with a 5% increase every five years throughout the initial term and each option period. The property enjoys excellent visibility, with over 5,960 vehicles passing daily. The surrounding area demonstrates strong demographics, with a household income exceeding $90,739 within a 10-mile radius and a population of over 115,716 within the same area. Griffin, GA's strategic location, approximately 2 miles from Downtown Griffin and 36 miles from Downtown Atlanta, further enhances its appeal. The property's current Net Operating Income (NOI) is $159,960, resulting in a compelling 6.50% cap rate. This sale is for a leaseback, and the asking price is $2,460,923. The credit-rated Dollar General tenant ensures a secure and stable investment. The property is 100% occupied.

Location Insight

City

Griffin

County

Spalding

State

Georgia

Latitude

33.2783

Longitude

-84.2613

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].