1265 College Station Rd - Convenience Store FOR SALE


Athens, GA 30605- Eastside Athens
$2,857,000 USD
248-419-3811
1265 College Station Rd, Athens, GA for Sale
$2,857,000 USD
Convenience Store - FOR SALE
1/8
null | 7.35% Cap Rate

1265 College Station Rd
Athens, GA 30605
Eastside Athens


HIGHLIGHTS

  • Brand New Prototype Construction | Corporate Lease.
  • Located Minutes from University of GA (47k Students & Staff) & across from UGA Veterinary Teaching Hospital.
  • 10-Year NN Lease Requiring Minimal Landlord Responsibilities. Four (5 Yr) Options with $0.50 PSF Rental Rate Increase.
  • Three Mile Population in nearly 55,000, Three Mile Median Home Value is $226,600. ADT on College Station Rd. is more than 21,800 VPD.

OVERVIEW

Fortis Net Lease is pleased to present this 10,000 SF Dollar Tree Store store located in Athens, Georgia. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease includes 4-Five year options with $0.50 PSF rent increases every 5 years. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade. This Dollar Tree is located at a signalized corner and sits adjacent to a high volume Walmart & Kroger Center. Other neighboring tenants include Publix, Chick fil A, Aldi, and Walgreens. The University of Georgia (47,000 Students & Staff) is within a 10 minute drive and the UGA Veterinary School ((120 Students) is directly across the street. This asset is in a dense retail area with an abundance of Student Housing within walking distance. Street traffic is brisk with Average Daily Traffic (ADT) on College Station Rd. of more than 17,500 VPD. The three-mile population is in excess 55,000 people and the three-mile median home value is $226,600. This investment offers a proven BBB rated tenant with financial strength and proven profitability

FOR SALE DETAILS

PRICE

$2,857,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

C-1

APN/PARCEL ID

182B-002

ASK ABOUT THIS PROPERTY

Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

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Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

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