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1511 Rice Ave 1,484 SF Retail Building Dublin, GA 31021 $1,200,000 ($808.63/SF) 5% Cap Rate
Investment Highlights
- Long-term lease with 14 years remaining
- Traffic count of 12,500 VPD on Rice Avenue
- Built in 2023 with modern construction
- National tenant with strong brand recognition
Executive Summary
Located at 1511 Rice Avenue this ±1,484 SF modern auto service building, custom-built in 2023, is perfectly situated on ±0.34 acres in a high-demand commercial corridor. Investors will benefit from an impressive $60,000 Net Operating Income (NOI) and the security of 14 years remaining on a long-term absolute NNN lease. The location has a high traffic count of 12,500 vehicles per day on Rice Avenue. It serves as a critical service hub just 1.1 miles from both Middle Georgia State University and the Carl Vinson VA Medical Center.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,484 SF
Building Class
B
Year Built
2023
Price
$1,200,000
Price Per SF
$808.63
Cap Rate
5%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL - Commercial
Parking
11 Spaces (7.41 Spaces per 1,000 SF Leased)
Frontage
106’ on Rice Avenue
Nearby Major Retailers
Property Taxes
| Parcel Number | D10D-141 | Improvements Assessment | $95,166 |
| Land Assessment | $20,400 | Total Assessment | $115,566 |
Property Taxes
Parcel Number
D10D-141
Land Assessment
$20,400
Improvements Assessment
$95,166
Total Assessment
$115,566
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1511 Rice Ave
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