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109 Gray Rd 9,002 SF Retail Building Cairo, GA 39827 $1,210,857 ($134.51/SF) 7% Cap Rate
Investment Highlights
- 15-Year Absolute NNN Lease
- Five Mile Household Income $70,123
- Very Healthy rent to Sales ratio of under 4%
- 5 (5 Year) Options | 10% Increases At Each Option
- Investment Grade Dollar Store With "BBB" Credit Rating
- Estimated annual store sales of $2.4M (per Placer.ai)
Executive Summary
Coldwell Banker Commercial- Metro Brokers is pleased to present this 9,002 SF Dollar General store located in Cairo, Ge on a prime 1.98 prime/visible acre. The property is incombered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 10% rent increases at each of the 5 (5Year) Options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. According to Placer.ai estimates the annual store sales are $2.4M.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,002 SF
Building Class
C
Year Built
2016
Price
$1,210,857
Price Per SF
$134.51
Cap Rate
7%
NOI
$84,742
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.99 AC
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 00660-00000-040-001 | Improvements Assessment | $197,128 |
| Land Assessment | $6,800 | Total Assessment | $203,928 |
Property Taxes
Parcel Number
00660-00000-040-001
Land Assessment
$6,800
Improvements Assessment
$197,128
Total Assessment
$203,928
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109 Gray Rd
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