1442 Tift AveTifton, GA 31794

Property Details for 1442 Tift Ave

Year built

2002

Construction

STEEL FRAME

Lot size

2.30 AC

Property size (Sq ft)

16,120 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

T054-001B

APU

T054001B

Description

This exceptional investment opportunity presents a 16,000 square foot retail property in Tifton, Georgia, currently occupied by Dollar General and Dollar Tree under a new 10.1-year Net Net Net (NNN) lease commencing August 21, 2024, and expiring September 30, 2034. The property boasts a strong 7.60% cap rate and a substantial net operating income (NOI) of $152,000. The asking price is $1,999,000, translating to a price per square foot of $124.94. The lease includes a corporate guarantee from Dollar Tree Stores, Inc., mitigating risk and ensuring consistent income. Built in 2002 and extensively renovated in 2024, the property features brand new HVAC units and a roof with a 20-year warranty, along with a newly sealed and striped parking lot. Situated on a 2.3-acre lot at 1442 Tift Ave N, Tifton, GA 31794, this location benefits from high visibility and proximity to other major retailers such as CVS, Walmart Neighborhood Market, and McDonald's. The lease includes rent bumps of $0.50 per square foot in the option periods. The property enjoys 100% occupancy with an occupancy date of September 24, 2024. This is a turnkey investment with a long-term lease and significant upside potential. The strong demographics of the area, with a population exceeding 30,000 within a 5-mile radius, further enhance the investment's attractiveness.

• CAP approach

  CAP return

  Valuation

  6%

  $2,943,563

  6.5%

  $2,717,135

  7%

  $2,523,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,887,846

  Geo Method

  $2,887,846

• Alternative Use

  Use

  Valuation

  Residential

  $2,292,005

  Hospitality

  $2,099,464

  Educational

  $1,746,730

  Medical

  $1,806,802

  Retail

  $2,717,135

Location Insight

City

Tifton

County

Tift

State

Georgia

Latitude

31.4674

Longitude

-83.5035

CBSA code

45700

CBSA name

TIFTON, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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