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Dollar General 24 Pyne Rd 10,640 SF 4-Star Retail Building Lagrange, GA 30240 $1,900,000 ($178.57/SF) 6.94% Cap Rate
Investment Highlights
- NNN Single Tenant Investment Property
- Perfect for 1031 Exchange
- 5/5 Year Lease Renewals with 10% Increases
Executive Summary
Cap Rate 7%. Perfect NNN leased investment property for 1031 exchange. Initial 15 year lease June 2018 to June 2033. Additional 5/5 year renewals with rare 10% increases. Excellent location. Minutes to West Point Lake. Lagrange is home to Lagrange College, the oldest private college in the state of Georgia. Average house hold income of $94,934.00.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$1,900,000
Price Per SF
$178.57
Cap Rate
6.94%
NOI
$131,772
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.27 AC
Zoning
CG - Commercial General
Parking
33 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
334’ on Pyne Road
Property Taxes
| Parcel Number | 080-2-000-004 | Improvements Assessment | $571,080 |
| Land Assessment | $113,480 | Total Assessment | $684,560 |
Property Taxes
Parcel Number
080-2-000-004
Land Assessment
$113,480
Improvements Assessment
$571,080
Total Assessment
$684,560
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Dollar General | 24 Pyne Rd
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