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Family Dollar - Top Ranked Store 117 May Ave 9,380 SF 100% Leased Retail Building Lincolnton, GA 30817 $975,000 ($103.94/SF) 8.30% Cap Rate

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Investment Highlights

  • 25+ Year operating Family Dollar with multiple options exercised and recent 10 Year extension giving them 13 Years of firm term remaining
  • Below market rents allowing for future upside
  • Very Strong Store Metrics: $2.35M in Sales
  • Smaller mix of national tenants and no grocer options allow for Family Dollar to dominate immediate market

Executive Summary

Franklin Street is pleased to present this Family Dollar strip in Lincolnton, Georgia. Lincolnton is located about 30 miles from Augusta and is the county seat of Lincoln County. The town's proximity to the nearby Savannah River and Clark's Hill Lake make it an important retail hub for visitors. Lincolnton is home to the county school system, with a combined 658 students between its Middle and High Schools. Family Dollar is well situated on the corner of Elm Street and May Avenue, which sees over 5,000 VPD. Family Dollar is one of the nation's leading discount retailers, with over 8,000 locations across the country. The immediate trade area has a healthy mix of national tenants including BP, Hardee's, Dollar General, the US Postal Office, and Texaco. Family Dollar recently extended their lease 10 additional years to 13+ years remaining, which showcases their strong commitment to this site. Family Dollar is very close to hitting their percentage rent breakpoint, allowing for additional future rental income. The 1,400 SF small shop space is occupied by a local vape shop and is leased at a below market rate of $8.57 PSF gross, allow for future potential rental upside.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,380 SF
Building Class
C
Year Built
2000
Price
$975,000
Price Per SF
$103.94
Cap Rate
8.30%
NOI
$80,925
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.13 AC
Opportunity Zone
Yes
Zoning
C-1 - Retail

Property Taxes

Property Taxes

Parcel Number
L08-019
Land Assessment
$47,440
Improvements Assessment
$139,920
Total Assessment
$187,360
  • Listing ID: 39656889

  • Date on Market: 3/4/2026

  • Last Updated:

  • Address: 117 May Ave, Lincolnton, GA 30817

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