1785 Georgia RdFranklin, NC 28734

Property Details for 1785 Georgia Rd

Year built

1982

Construction

CONCRETE BLOCKS

Lot size

0.02 AC

Property size (Sq ft)

900 SF

Zone code

FC2

Property type

Retail properties

Property subtype

Retail space

APN

6583689697

APU

6583689697

Description

This exceptional Franklin, NC shopping center presents a compelling investment opportunity. Located on Georgia Rd, just south of the high-traffic intersection of Hwy 64/US 441 (24,000 ADT per NCDOT 2019 data), this single-story, 4,000-5,000 square foot building offers five fully leased retail units, ensuring a stable income stream. Each unit benefits from recent capital improvements (2022), separate HVAC systems, and individual power meters for efficient operation. The property features a well-maintained parking lot, city water, and a septic system. Built in 1982 and situated on a 0.81-acre lot, this property provides a hassle-free investment with Triple Net (NNN) leases, meaning tenants cover property taxes and insurance. The 100% occupancy rate and high visibility make this a truly exceptional opportunity for investors seeking a reliable, low-maintenance income producer in a prime location. The asking price is $1,199,000.

• CAP approach

  CAP return

  Valuation

  6%

  $338,467

  6.5%

  $312,431

  7%

  $290,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $186,724

  Geo Method

  $186,724

• Alternative Use

  Use

  Valuation

  Residential

  $263,547

  Hospitality

  $241,408

  Educational

  $200,848

  Medical

  $207,756

  Retail

  $312,431

Location Insight

City

Franklin

County

Macon

State

North Carolina

Latitude

35.1503

Longitude

-83.394

Property Tax & Assessments

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