117 May Ave - Freestanding FOR SALE


Lincolnton, GA 30817
$975,000 USD
404-832-1251
117 May Ave, Lincolnton, GA for Sale
$975,000 USD
Freestanding - FOR SALE
1/4
null | 8.3% Cap Rate

117 May Ave
Lincolnton, GA 30817


HIGHLIGHTS

  • 25+ Year operating Family Dollar with multiple options exercised and recent 10 Year extension giving them 13 Years of firm term remaining
  • Very Strong Store Metrics: $2.35M in Sales
  • Below market rents allowing for future upside
  • Smaller mix of national tenants and no grocer options allow for Family Dollar to dominate immediate market

OVERVIEW

Franklin Street is pleased to present this Family Dollar strip in Lincolnton, Georgia. Lincolnton is located about 30 miles from Augusta and is the county seat of Lincoln County. The town's proximity to the nearby Savannah River and Clark's Hill Lake make it an important retail hub for visitors. Lincolnton is home to the county school system, with a combined 658 students between its Middle and High Schools. Family Dollar is well situated on the corner of Elm Street and May Avenue, which sees over 5,000 VPD. Family Dollar is one of the nation's leading discount retailers, with over 8,000 locations across the country. The immediate trade area has a healthy mix of national tenants including BP, Hardee's, Dollar General, the US Postal Office, and Texaco. Family Dollar recently extended their lease 10 additional years to 13+ years remaining, which showcases their strong commitment to this site. Family Dollar is very close to hitting their percentage rent breakpoint, allowing for additional future rental income. The 1,400 SF small shop space is occupied by a local vape shop and is leased at a below market rate of $8.57 PSF gross, allow for future potential rental upside.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Top Ranked Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C-1

APN/PARCEL ID

L08-019

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

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