17002 Ga Highway 129Macon, GA 31217

Property Details for 17002 Ga Highway 129

Year built

2018

Construction

STEEL FRAME

Lot size

2.34 AC

Property size (Sq ft)

9,432 SF

Zone code

COMM

Property type

Retail properties

Property subtype

Outlet malls

APN

T008D 092

APU

T008D092

Description

This exceptional portfolio comprises two strategically located retail properties: a Dollar General in Macon, Georgia (built 2018), and a combined Dollar Tree/Family Dollar in Steinhatchee, Florida (built 2021). Both boast strong corporate guarantees from investment-grade rated companies (Dollar General Corp. and Dollar Tree, Inc.). The Macon property benefits from its location in Georgia's fourth-largest city, offering a robust market and a long-term lease with multiple option periods including 10% rent increases. The Steinhatchee location, a build-to-suit property, features a 20-year transferable roof warranty and a unique position as one of only two stores in the city selling alcohol, adding to its revenue potential. Florida's tax-free status further enhances the investment's attractiveness. The portfolio offers a 7.35% cap rate and presents a compelling opportunity for investors seeking a stable, high-yield return in the resilient dollar store sector. Both properties are absolute NNN leases, eliminating landlord responsibilities. The Macon property is a brick construction building, ensuring durability and long-term value. The Steinhatchee property has over seven years remaining on its current lease term. This portfolio represents a rare opportunity to acquire a diversified, high-performing retail investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,763,550

  6.5%

  $1,627,892

  7%

  $1,511,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,636,311

  Geo Method

  $4,636,311

• Alternative Use

  Use

  Valuation

  Residential

  $1,373,188

  Hospitality

  $1,257,833

  Educational

  $1,046,502

  Medical

  $1,082,493

  Retail

  $1,627,892

Location Insight

City

Macon

County

Twiggs

State

Georgia

Latitude

32.7102

Longitude

-83.5449

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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