7802 Highway 19 - Convenience Store FOR SALE


Zebulon, GA 30295
$480,000 USD
248-419-3638
7802 Highway 19, Zebulon, GA for Sale
$480,000 USD
Convenience Store - FOR SALE
1/5
null | 7.75% Cap Rate

7802 Highway 19
Zebulon, GA 30295


HIGHLIGHTS

  • Remodeled in 2024 showing long term investment into the site.
  • Part of a 4 Property Portfolio Listing | All Low Price Point
  • Three 5-year renewal options provide long-term occupancy potential.

OVERVIEW

Fortis Net Lease is pleased to present the exclusive opportunity to acquire a single-tenant Dollar General located at 7802 US-19 South in Zebulon, Georgia. The property consists of a 9,100-square-foot retail building situated on a generous 2.84-acre parcel and is leased to Dollar General under a NN lease structure. Offered at $465,000, the asset provides an attractive 8.00% cap rate and generates annual net operating income of $37,200, making it an appealing investment opportunity for both private and 1031 exchange buyers. Dollar General has approximately three years of lease term remaining through August 30, 2029, followed by three, five-year renewal options. The lease includes 6% rent increases at the commencement of each option period, providing investors with contractual rental growth and long-term income potential. Strategically positioned along US Highway 19, a primary transportation corridor through Pike County, the property benefits from strong accessibility, visibility, and its role as a convenient retail destination serving the surrounding rural community.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

C-1

APN/PARCEL ID

067B-066-C

ASK ABOUT THIS PROPERTY

Brent LuxonFortis Net LeaseMore Info
248-419-3638

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

Brent LuxonFortis Net LeaseMore Info
248-419-3638

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