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Ace Hardware 3204 Highway 155 11,272 SF Retail Building Locust Grove, GA 30248 $3,700,000 ($328.25/SF) 6.50% Cap Rate
Investment Highlights
- Newer 2023 construction
- #1 rank in Forbes best customer service list
- Minutes from city's commercial corridor
- Fresh 15-year lease
- Dynamic residential and commercial growth
Executive Summary
Avison Young is pleased to exclusively represent the Seller in the sale of this newly constructed Ace Hardware property. Located in the heart of Locust Grove, this single-tenant property sits on one of the busiest highways in the market and features a fresh 15-year lease from Ace Hardware. It's situated on 3.5 acres with ample parking and access points. This Ace Hardware is also located just up the road from Heron Bay, a prestigious golf community, and surrounded by many other residential neighborhoods.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront
Building Size
11,272 SF
Building Class
C
Year Built
2023
Price
$3,700,000
Price Per SF
$328.25
Cap Rate
6.50%
NOI
$240,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.87 AC
Zoning
C2 - General Commercial
Parking
25 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
161’ on Georgia 155 South
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Ace Hardware began in 1924 when Chicago entrepreneurs combined resources to form Ace Stores. By 1931, it became Ace Hardware Corporation and transitioned to a retailer-owned cooperative in 1973. The company now serves thousands of independent stores across numerous countries with products spanning home improvement, paint, lawn and garden, and tools. Ace provides business support through marketing, supply chain services, and localized inventory while maintaining community-focused operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0080-01-020-010 | Improvements Assessment | $307,392 |
| Land Assessment | $120,280 | Total Assessment | $427,672 |
Property Taxes
Parcel Number
0080-01-020-010
Land Assessment
$120,280
Improvements Assessment
$307,392
Total Assessment
$427,672
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Ace Hardware | 3204 Highway 155
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