2383 Lake Harbin Rd - Freestanding FOR SALE


Morrow, GA 30260
$1,677,846 USD
954-302-7365
2383 Lake Harbin Rd, Morrow, GA for Sale
$1,677,846 USD
Freestanding - FOR SALE
1/5
null | 6.5% Cap Rate

2383 Lake Harbin Rd
Morrow, GA 30260


HIGHLIGHTS

  • 10-Year Operating History | 4+ Years Remaining | Corporate Guaranteed | Options to Extend
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Clayton State University | Dense Retail Corridor | High Traffic Counts | Signalized, Hard Corner Location
  • Local Demographics In 5-mile Trade Area

OVERVIEW

• Dollar Tree has operated at this location for 10 years and has 4 years remaining on their current lease • Lease was extended in March 2024, 9 months before the notice date. • The lease is corporate guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)., an investment grade (S&P: BBB), nationally recognized, and an established discount store with 9,200 stores and 18 distribution centers across 48 contiguous states and seven Canadian provinces • The lease offers two (5-year) options to extend, with 5% rental increases at the beginning of each option period

FOR SALE DETAILS

PRICE

$1,677,846 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree - Morrow GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

BG

APN/PARCEL ID

12-0117A-00B-007

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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