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Family Dollar Net Lease 2434 GA-300 10,500 SF 100% Leased Retail Building Cordele, GA 31015 $1,440,000 ($137.14/SF) 8.75% Cap Rate
Investment Highlights
- New 10 Year Net Lease
- Corporate Guarantee
- Prime location near Highway 300 and I-75 with strong traffic exposure
- Zero Landlord Obligations
- Four, 5 Year Renewal Options
- Scheduled Increases in Rent
Executive Summary
This offering presents a newly constructed, 10-year net-leased Family Dollar in Cordele, Georgia, priced at $1,440,000 with an attractive 8.75% cap rate on $126,000 in annual net operating income. The lease structure is NN, providing minimal landlord responsibilities, and is supported by a corporate guarantee, offering investors durable and predictable cash flow from a nationally recognized credit tenant. The initial 10-year lease term runs through February 28, 2034, and includes four 5-year renewal options with $0.50/SF rent increases in each option period, creating long-term income stability and built-in rental growth. Located at 2434 Highway 300 South in Cordele, Georgia, the asset benefits from excellent visibility and access along Highway 300, a well-traveled commercial corridor. The site is positioned within an established retail area and serves a strong local customer base.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built
2023
Price
$1,440,000
Price Per SF
$137.14
Cap Rate
8.75%
NOI
$126,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.89 AC
Opportunity Zone
Yes
Zoning
HC - Highway Commercial
Frontage
343’ on Georgia 300
Property Taxes
| Parcel Number | 009C-017 | Improvements Assessment | $413,401 |
| Land Assessment | $19,864 | Total Assessment | $433,265 |
Property Taxes
Parcel Number
009C-017
Land Assessment
$19,864
Improvements Assessment
$413,401
Total Assessment
$433,265
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Family Dollar Net Lease | 2434 GA-300
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