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4960 Roosevelt Highway - Family Dollar, Union City, GA

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4960 Roosevelt Highway - Family Dollar

Union City, GA 30291 - S Fulton/Union City Ret Submarket

(2.5 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2003
Building Size:8,000 SF Land Area:1.2 AC (52,272 SF)
For Sale Price:$795,000 Price/SF:$99.38
Cap Rate:7.30 %
Parking:21 Surface spaces are available; Ratio of 2.63/1,000 SF



Sale Notes:
- Proven metro Atlanta location near Hartsfield Jackson International Airport and major highways
- NN lease extended through June 2021 with limited landlord responsibilities
- 6 five year extensions
- Outstanding store sales of $2M have enabled landlord to consistently receive percentage rent
- Population within 5 miles is 103K with 17K+ vehicles per day
- Parking lot restriped in early 2016

Priced: $795,000 or 7.3% cap rate (before percentage rent)

Bull Realty is pleased to offer this established and top performing single tenant Family Dollar net lease investment in Union City, Georgia, part of the Atlanta MSA in Fulton County. This 8,000 SF store, built in 2003, is located on the main highway between Union City and Fairburn, approximately 8 miles from Hartsfield Jackson International Airport and just off Interstate 85.

Family Dollar recently remodeled the store and extended the initial lease term to June 2021. Additionally, six 5 year renewal options remain with 10% rent increases in each option period. Store sales have consistently risen and been high enough for the landlord to receive percentage rent. The actual cap rate based upon percentage rent contribution is significantly higher than the offered 7.3% cap rate. Bull Realty is pleased to offer this established and top performing single tenant Family Dollar net lease investment in Union City, Georgia, part of the Atlanta MSA in Fulton County. This 8,000 SF store, built in 2003, is located on the main highway between Union City and Fairburn, approximately 8 miles from Hartsfield Jackson International Airport and just off Interstate 85. Family Dollar recently remodeled the store and extended the initial lease term to June 2021. Additionally, six 5 year renewal options remain with 10% rent increases in each option period. Store sales have consistently risen and been high enough for the landlord to receive percentage rent. The actual cap rate based upon percentage rent contribution is significantly higher than the offered 7.3% cap rate.

Bull Realty Inc.
Nancy L Miller
(404) 876-1640 x118




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