2070 Dicks Hill PkwyMount Airy, GA 30563

Property Details for 2070 Dicks Hill Pkwy

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.88 AC

Property size (Sq ft)

4,400 SF

Zone code

B1

Property type

Industrial properties

Property subtype

Other warehouses

APN

113 038

APU

113038

Description

This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General store in Mount Airy, Georgia. Located at 2070 Dicks Hill Pkwy, 30563, this Class A property boasts a 15-year lease (commencing October 13, 2024, and expiring October 31, 2039) with a corporate guarantee and 5% rent bumps every five years. The property features a single-story building on a 1-2 acre lot, built in 2024, and enjoys 100% occupancy. The strong financial performance is highlighted by a $2,367,876 asking price, a 6.50% cap rate, and a Net Operating Income (NOI) of $153,912. The strategic location along Dicks Hill Pkwy offers excellent visibility and accessibility, benefiting from proximity to Interstate 985 and major retail corridors. The surrounding market demonstrates limited competition and a high average household income exceeding $97,000 within a 3-mile radius, supporting strong store sales. With a population exceeding 58,000 within 10 miles, this property represents a compelling investment in a high-growth market experiencing northward expansion from Atlanta. The sale is structured as a fee-simple ownership and is suitable for a 1031 exchange. The property is offered as a Net Lease (NNN) investment, minimizing landlord responsibilities. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $883,848

  Hospitality

  $809,600

  Educational

  $673,578

  Medical

  $696,743

  Retail

  $1,047,787

Location Insight

City

Mount Airy

County

Habersham

State

Georgia

Latitude

34.527

Longitude

-83.4871

CBSA code

18460

CBSA name

CORNELIA, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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