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New NNN Dollar General - Cornelia, GA MSA 249 441 Historic Hwy N 10,640 SF Retail Building Demorest, GA 30535 $2,215,343 ($208.21/SF) 6.70% Cap Rate
EXECUTIVE SUMMARY
*Freestanding Dollar General Store
*New 2024 Construction
*Upgraded Brick Front Construction
*NEW LEASE STRUCTURE: 5% Increase EVERY Five (5) years AND 5% in each option period
*Excellent visibility with over 14,400 Vehicles Per Day
*Household Income exceeds $93,047 Within a 5- Mile Radius of Site
*Population Over 55,888+ Within 10 Miles
*Piedmont College is approx. 1.3 miles away with ~2,500 student enrollment
*Conveniently located approximately 1 mile to Downtown Demorest
*New 2024 Construction
*Upgraded Brick Front Construction
*NEW LEASE STRUCTURE: 5% Increase EVERY Five (5) years AND 5% in each option period
*Excellent visibility with over 14,400 Vehicles Per Day
*Household Income exceeds $93,047 Within a 5- Mile Radius of Site
*Population Over 55,888+ Within 10 Miles
*Piedmont College is approx. 1.3 miles away with ~2,500 student enrollment
*Conveniently located approximately 1 mile to Downtown Demorest
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$2,215,343
Price Per SF
$208.21
Cap Rate
6.70%
NOI
$148,428
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.47 AC
Zoning
HI - Highway Business
Frontage
100’ on 441 HISTORIC HWY
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 077-001A | Improvements Assessment | $726,594 |
| Land Assessment | $212,940 | Total Assessment | $939,534 |
PROPERTY TAXES
Parcel Number
077-001A
Land Assessment
$212,940
Improvements Assessment
$726,594
Total Assessment
$939,534
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New NNN Dollar General - Cornelia, GA MSA | 249 441 Historic Hwy N
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