1197 Jq Harvey Rd - Retail FOR SALE


Jakin, GA 39861
$1,085,000 USD
317-218-5316
1197 Jq Harvey Rd, Jakin, GA for Sale
$1,085,000 USD
Retail - FOR SALE
1/2
null | 7.5% Cap Rate

1197 Jq Harvey Rd
Jakin, GA 39861


HIGHLIGHTS

  • Absolute triple-net with zero landlord responsibilities-Tenant responsible for roof & structure
  • 10% rental increases in each of the five, five-year renewal option periods
  • Only general merchandise/every day needs store in the immediate area and within a 5-mile radius
  • Strong accessibility along regional highway corridors connecting Jakin to nearby communities including Blakely and Donalsonville
  • Positioned along U.S. Highway 84 near the Georgia–Alabama state line

OVERVIEW

Marcus & Millichap is pleased to present an opportunity to acquire a single-tenant, absolute NNN-leased Dollar General located in Jakin, Georgia. The 9,100-square-foot property, built in 2018, is situated on approximately 2.06 acres along U.S. Highway 84, serving as a primary retail corridor for the surrounding rural community. The asset is backed by a corporate-guaranteed lease with Dollar General, one of the nation’s largest discount retailers, providing stable and predictable income. The investment features approximately 7+ years of remaining lease term, with rent commencing in September 2018 and expiring in August 2033. The lease is structured as an absolute triple-net, offering zero landlord responsibilities, including roof and structure, making it a passive ownership opportunity. Additionally, the lease includes five 5-year extension options, each with 10% rental increases, providing long-term income growth and inflation protection. Strategically positioned as the only general merchandise store within a five-mile radius, the property benefits from limited competition and serves as a critical retail destination for the local population. The location offers strong regional connectivity, with proximity to Dothan, Alabama, a key employment and retail hub. Supported by consistent demand for essential goods and Dollar General’s proven business model in rural markets, this asset presents a secure, long-term net lease investment with durable cash flow. Broker of Record | John Leonard | 1100 Abernathy Road, NE Bldg. 500, Suite #600, Atlanta, GA | 678-808-2700 | License #: 252904

FOR SALE DETAILS

PRICE

$1,085,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

-

APN/PARCEL ID

0119-032

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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