104 Hancock St - Retail FOR SALE


Fort Gaines, GA 39851
$425,000 USD
404-550-5400
104 Hancock St, Fort Gaines, GA for Sale
$425,000 USD
Retail - FOR SALE
1/18
null | 10.59% Cap Rate

104 Hancock St
Fort Gaines, GA 39851


HIGHLIGHTS

  • Single-tenant retail building in downtown Fort Gaines (Clay County), Georgia
  • Tenant has a 5-year lease with 4 years and 9 months remaining on its initial 5-year lease term
  • Located in Fort Gaines, Georgia, just before the Alabama border and south of the Walter F. George Reservoir
  • Approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida
  • Fort Gaines is the county seat of Clay County
  • Surrounded by acres of timberland and near the Chattahoochee River and Lake Walter F. George, making it an attractive destination

OVERVIEW

This single-tenant retail investment opportunity in downtown Fort Gaines, Georgia (Clay County), is offered at $425,000 with an attractive 10% cap rate. The ±8,768 SF building generates approximately $50,400 in annual rental income and is leased to a neighborhood grocery store with approximately 4 years and 9 months remaining on its current 5-year lease. The store serves the local community with groceries, fresh meats, produce, beer and wine, and tobacco products. Located just east of the Alabama border and south of Walter F. George Reservoir, the property is approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida. As the county seat of Clay County, Fort Gaines is surrounded by timberland and is near the Chattahoochee River and Lake Walter F. George, making it a popular destination for hunting, fishing, and other outdoor recreation.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

10.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail Investment Opportunity | 10% Cap Rate

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

F06-054

ASK ABOUT THIS PROPERTY

Angie SarrisBull Realty Inc.More Info
404-550-5400

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Angie SarrisBull Realty Inc.More Info
404-550-5400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.