607 Main StLaFayette, GA 30728

Property Details for 607 Main St

Year built

2003

Construction

STEEL FRAME

Lot size

0.88 AC

Property size (Sq ft)

9,020 SF

Zone code

B2

Property type

Other commercial real estate

APN

1047 066

APU

1047066

Description

This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store in LaFayette, Georgia. Located at 607 South Main St, 30728, this 9,100 square foot building sits on a 0.88-acre lot and boasts a strong 7.30% cap rate, based on a current NOI of $46,200. The property, built in 2003, benefits from a credit-rated tenant with a lease extending to August 30, 2028, offering 3.8 years of remaining lease term. A significant advantage is the inclusion of one five-year lease option with a 10% rent increase upon renewal. The property's occupancy is 100%, and the asking price is $633,000 ($69.56/sq ft). This established location, one of three Dollar Generals in LaFayette, has served the community since its opening in February 2003, demonstrating the strength and stability of this retail asset. The property's one-story design and convenient location contribute to its overall appeal. This is a compelling investment opportunity due to the long-term lease, strong tenant, and attractive financial metrics.

Location Insight

City

La Fayette

County

Walker

State

Georgia

Latitude

34.6982

Longitude

-85.2803

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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