4193 Vickers XingAmbrose, GA 31512
- Retail properties
- 7,900 SF
Property Details for 4193 Vickers Xing
- Year built
- 2017
- Construction
- STEEL FRAME
- Lot size
- 2.65 AC
- Property size (Sq ft)
- 7,900 SF
- Zone code
- AMBR
- Property type
- Retail properties
- Property subtype
- Outlet malls
- APN
- A002 - -049
- APU
- A002049
Description
This fee-simple, 9,100 square foot Dollar General in Ambrose, Georgia, presents a compelling investment opportunity. The property boasts a 15-year triple-net (NNN) lease with five, 5-year options, providing a stable, passive income stream. The lease commenced February 20, 2017, and currently has approximately 7.3 years remaining until the next option period. Rent increases are structured with a 10% bump at each option period. The property features a strong credit-rated tenant, Dollar General, backed by a corporate guarantee. The current annual net operating income (NOI) is $78,684, yielding a 7.50% cap rate on the $1,050,000 asking price. Built in 2017, this strategically located store enjoys high visibility and serves as the only Dollar General within a significant radius, catering to a growing consumer base in Coffee County. The property's location between Douglas and Fitzgerald ensures convenient access for a wide customer base. This is an ideal hands-off investment for those seeking a secure, long-term, high-yield return.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,444,975
- 6.5%
- $1,333,823
- 7%
- $1,238,550
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,415,260
- Geo Method
- $1,415,260
-
Alternative Use
- Use
- Valuation
- Residential
- $1,125,130
- Hospitality
- $1,030,613
- Educational
- $857,458
- Medical
- $886,947
- Retail
- $1,333,823
Location Insight
- City
- Ambrose
- County
- Coffee
- State
- Georgia
- Latitude
- 31.5931
- Longitude
- -83.0143
- CBSA code
- 20060
- CBSA name
- DOUGLAS, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
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