1408 Mcfarland AveRossville, GA 30741

Property Details for 1408 Mcfarland Ave

Year built

2005

Lot size

0.73 AC

Property size (Sq ft)

9,230 SF

Property type

Commercial real estate

APN

2017 035B

APU

2017035B

Description

This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store located at 1408 McFarland Ave, Rossville, GA 30741, within the Chattanooga MSA. The 9,014 square foot building, constructed in 2004, sits on a 1.51-acre lot. The property boasts a strong financial profile, with a current asking price of $682,000 and a 7.30% cap rate, generating a net operating income (NOI) of $49,800. Dollar General, a credit-rated tenant, recently exercised a lease extension, securing occupancy until January 31, 2030. A single five-year renewal option remains, featuring a 10% rent increase. This represents a stable, long-term investment with a proven track record, as Dollar General has occupied the property since its construction in 2004. The property's location in a well-established neighborhood, coupled with the tenant's financial strength and lease terms, makes this an attractive opportunity for investors seeking a secure and profitable addition to their portfolio. The building is a single-story structure with 100% occupancy. The lease commenced on August 9, 2004, and the remaining lease term is approximately 5.2 years. The price per square foot is $75.66.

• Alternative Use

  Use

  Valuation

  Residential

  $2,234,501

  Hospitality

  $2,046,791

  Educational

  $1,702,906

  Medical

  $1,761,472

  Retail

  $2,648,965

Location Insight

City

Rossville

County

Walker

State

Georgia

Latitude

34.969

Longitude

-85.295

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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