1014 Hutchinson AveAdel, GA 31620

Property Details for 1014 Hutchinson Ave

Year built

2003

Construction

STEEL FRAME

Lot size

2.00 AC

Property size (Sq ft)

13,596 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

0040G-100

APU

0040G100

Description

This exceptional investment opportunity presents a 16,000-square-foot Dollar General Market situated at 1014 S Hutchinson Ave, Adel, GA 31620. The property boasts a strong 7.22% cap rate, generating a net operating income (NOI) of $72,200 annually. Secured by a corporate guarantee, the net lease (NN) agreement features a 10-year term commencing April 1, 2023, and expiring March 31, 2033, with four (5-year) renewal options, each including a 10% rent increase. The single-tenant building, constructed in 2003, sits on a 2.01-acre lot and offers 79 parking spaces. The property is 100% occupied and benefits from a newly remodeled interior, providing modern amenities to customers. Located in a high-traffic area, the store serves a community with an average household income of $55,000 within a one-mile radius. The property's permitted zoning is GB. This is a low-maintenance, high-return investment with significant long-term potential, offering minimal landlord responsibilities. The asking price is $1,000,000, translating to $62.50 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,505,828

  6.5%

  $2,313,072

  7%

  $2,147,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,435,680

  Geo Method

  $2,435,680

• Alternative Use

  Use

  Valuation

  Residential

  $1,951,163

  Hospitality

  $1,787,255

  Educational

  $1,486,975

  Medical

  $1,538,114

  Retail

  $2,313,072

Location Insight

City

Adel

County

Cook

State

Georgia

Latitude

31.123

Longitude

-83.4193

Property Tax & Assessments

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