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.