Ace Hardware 3204 Highway 155 11,272 SF Retail Building Locust Grove, GA 30248 $4,000,000 ($354.86/SF) 6% 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.

ATTACHMENTS

Ace Hardware OM

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
$4,000,000
Price Per SF
$354.86
Cap Rate
6%
NOI
$240,000
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 is customers' local hardware store and they are a part of their community. Ace Hardware has thousands of stores around the world with the majority of those stores independently owned and operated by local entrepreneurs. These hard working men and women are part of the fabric of their community. They are small business owners who are local and loyal... just like it ought to be. While others have become large and impersonal, at Ace, they've remained small and very personal. That's why they say a visit to Ace, is like a visit to their neighbor. Ace stores come in all sizes and shapes based on the needs of each individual neighborhood. They have small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of paint, lawn and garden, tools, local niche services and virtually anything customers will ever need to fix, repair and maintain their home.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Work Out Anytime
Publix

PROPERTY TAXES

  • Listing ID: 35490414

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 3204 Highway 155, Locust Grove, GA 30248