3709 Mike Padgett Hwy - Convenience Store FOR SALE


Augusta, GA 30906- Cross Creek
$1,458,503 USD
310-435-9106
3709 Mike Padgett Hwy, Augusta, GA for Sale
$1,458,503 USD
Convenience Store - FOR SALE
1/1
null | 8.53% Cap Rate

3709 Mike Padgett Hwy
Augusta, GA 30906
Cross Creek


HIGHLIGHTS

  • 30,000 cars per day
  • True NNN tenant pays roof and structure
  • Performs in top 30% of all Family Dollars

OVERVIEW

Corcoran Group of California, Inc., is pleased to present the opportunity to acquire a single-tenant Family Dollar retail property located in Augusta, Georgia at 8.53% CAP with 6 years remaining on initial lease, followed by six 5 yr. options with 10% rent increases. This well-positioned asset occupies a major arterial thoroughfare with an average daily traffic count of approximately 30,000 vehicles. Constructed in 2016, the property is of a freestanding 9,270-square-foot building on a 1.72-acre parcel. The site features ample surface parking, offering 39 total spaces—equating to an efficient 2.4 spaces per 1,000 square feet. According to Placer.ai analytics, this store's performance ranks in the top 30% of Family Dollar stores nationwide, statewide, and within the local trade area based on customer traffic—demonstrating strong in-place performance and consistent footfall. This investment represents a compelling opportunity to acquire a stable, income-producing asset backed by a nationally recognized tenant with a proven track record at this location.

FOR SALE DETAILS

PRICE

$1,458,503 USD

PRICE/SF

$150 USD /SF

CAP RATE

8.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Augusta, GA 8.53% CAP*

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

-

APN/PARCEL ID

157-4-008-00-0

ASK ABOUT THIS PROPERTY

Daniel CorcoranCorcoran Group of CaliforniaMore Info
310-435-9106

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Daniel CorcoranCorcoran Group of CaliforniaMore Info
310-435-9106

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