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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
Positioned in the heart of Laurens County, 1511 Rice Avenue presents a compelling investment opportunity with a newly constructed auto service facility leased to Strickland Brothers, a nationally recognized drive-thru oil change brand. Built in 2023, the ±1,484 SF building sits on a ±0.34-acre parcel and benefits from a long-term lease with 14 years remaining, generating a stable net operating income of $60,000 annually.
Strategically located just 1.1 miles from Middle Georgia State University and the Carl Vinson VA Medical Center, the property enjoys strong visibility and accessibility along Rice Avenue, which sees a traffic count of approximately 12,500 vehicles per day. The surrounding area includes a mix of retail, service, and residential uses, contributing to consistent consumer demand and tenant performance.
Strickland Brothers, founded in 2016, has grown into a customer-centric national chain with deep community ties and a reputation for operational excellence. Their commitment to innovation and local engagement enhances the long-term viability of this location.
This asset is ideal for investors seeking a passive income stream backed by a reputable tenant in a growing Georgia market. Additional Strickland Brothers properties in Dublin may also be available for purchase, offering portfolio expansion potential.
Strategically located just 1.1 miles from Middle Georgia State University and the Carl Vinson VA Medical Center, the property enjoys strong visibility and accessibility along Rice Avenue, which sees a traffic count of approximately 12,500 vehicles per day. The surrounding area includes a mix of retail, service, and residential uses, contributing to consistent consumer demand and tenant performance.
Strickland Brothers, founded in 2016, has grown into a customer-centric national chain with deep community ties and a reputation for operational excellence. Their commitment to innovation and local engagement enhances the long-term viability of this location.
This asset is ideal for investors seeking a passive income stream backed by a reputable tenant in a growing Georgia market. Additional Strickland Brothers properties in Dublin may also be available for purchase, offering portfolio expansion potential.
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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