109 Gray Rd - Storefront FOR SALE


Cairo, GA 39827
$1,169,103 USD
404-954-1031
109 Gray Rd, Cairo, GA for Sale
$1,169,103 USD
Storefront - FOR SALE
1/1
null | 7.25% Cap Rate

109 Gray Rd
Cairo, GA 39827


HIGHLIGHTS

  • Dollar General secured by a 15-year absolute NNN lease.
  • Corporate lease guarantee by Dollar General (BBB Investment Grade credit rating).
  • Five renewal options with 10% rental escalations at each term.
  • Highly visible location along a primary corridor with 8,000 vehicles per day.
  • Five-mile average household income exceeds $70,000, supporting strong retail viability.
  • Located within a stable South Georgia county-seat market near Tallahassee.

OVERVIEW

This offering features a 9,002-square-foot Dollar General store located in Cairo, Georgia, under a 15-year absolute NNN lease with no landlord responsibilities. The lease includes five 5-year renewal options, each with 10% rental increases, and is corporately guaranteed by Dollar General Corporation, rated “BBB” Investment Grade. With an NOI of $84,742 and a list price reflecting a 7.00% cap rate, this asset provides steady, predictable income ideal for 1031 exchange investors and those seeking hands-off ownership with reliable returns. Positioned on N. Broad Street with visibility to approximately 8,000 daily vehicles, the property benefits from strong traffic and accessibility within three miles of downtown Cairo. The surrounding 10-mile trade area serves over 24,000 residents, while the five-mile average household income of $70,123 supports retail demand. Dollar General’s estimated annual store revenue of $2.4 million delivers a healthy rent-to-sales ratio under 4%, reinforcing the fiscal stability of this location. Cairo’s role as a regional hub—strategically located near Tallahassee and connected via key transportation corridors—further enhances the long-term appeal of this investment opportunity.

FOR SALE DETAILS

PRICE

$1,169,103 USD

PRICE/SF

$130 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Drug Store, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

C

APN/PARCEL ID

00660-00000-040-001

ASK ABOUT THIS PROPERTY

Russell Malayery, CCIMBuckhead Brokers Commercial Realtors, LLCMore Info
404-954-1031

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Russell Malayery, CCIMBuckhead Brokers Commercial Realtors, LLCMore Info
404-954-1031

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