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Retail Investment Opportunity | 8.4% Cap Rate 104 Hancock St 8,768 SF Retail Building Fort Gaines, GA 39851 $450,000 ($51.32/SF)
Investment Highlights
- Turnkey grocery store with equipment and inventory included
- Regional access to Columbus, Montgomery, and Tallahassee
- Located near Lake Walter F. George and Chattahoochee River
- Surrounded by timberland and recreational destinations
Executive Summary
• Retail building in Fort Gaines, GA is offered at $450,000 with an attractive 8.4% cap rate.
• The ±8,768 SF one-story building is fully leased with an operating grocery store on a five-year lease term.
• Located in Fort Gaines, GA, just before the Alabama border and south of the Walter F. George Reservoir.
• Approximately ±70 miles south of Columbus, GA ±110 miles southeast of Montgomery, AL, and ±100 miles northwest of Tallahassee, FL.
• Fort Gaines is the county seat of Clay County.
• Surrounded by acres of timberland and near the Chattahoochee River and Lake Walter F. George, making it an attractive destination for hunting and fishing.
• The ±8,768 SF one-story building is fully leased with an operating grocery store on a five-year lease term.
• Located in Fort Gaines, GA, just before the Alabama border and south of the Walter F. George Reservoir.
• Approximately ±70 miles south of Columbus, GA ±110 miles southeast of Montgomery, AL, and ±100 miles northwest of Tallahassee, FL.
• Fort Gaines is the county seat of Clay County.
• Surrounded by acres of timberland and near the Chattahoochee River and Lake Walter F. George, making it an attractive destination for hunting and fishing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,768 SF
Building Class
C
Year Built
1987
Price
$450,000
Price Per SF
$51.32
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.65 AC
Opportunity Zone
Yes
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | F06-054 | Improvements Assessment | $79,040 |
| Land Assessment | $4,720 | Total Assessment | $83,760 |
Property Taxes
Parcel Number
F06-054
Land Assessment
$4,720
Improvements Assessment
$79,040
Total Assessment
$83,760
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Retail Investment Opportunity | 8.4% Cap Rate | 104 Hancock St
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