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Family Dollar 3250 Highway 81 S 8,320 SF Vacant Retail Building Covington, GA 30016 $1,300,000 ($156.25/SF) 8.25% Cap Rate
Executive Summary
Positioned along Highway 81 South, the property benefits from strong visibility, convenient access, and steady traffic counts. Its location offers quick connectivity to major thoroughfares serving the greater Atlanta region while maintaining proximity to Covington’s established residential neighborhoods, schools, and growing commercial base.
This offering presents an excellent opportunity to acquire a well-located commercial asset in a thriving and expanding market.
With ever increasing construction costs, this property gives an end-user the opportunity to efficiently and economically convert this building to a number of different uses.
This property is currently leased by Family Dollar and is being sold with the lease in place. The landlord is willing to work out a lease buyout with Family Dollar. The store went dark on February 1st and the tenant currently has no intentions of reopening the store.
This offering presents an excellent opportunity to acquire a well-located commercial asset in a thriving and expanding market.
With ever increasing construction costs, this property gives an end-user the opportunity to efficiently and economically convert this building to a number of different uses.
This property is currently leased by Family Dollar and is being sold with the lease in place. The landlord is willing to work out a lease buyout with Family Dollar. The store went dark on February 1st and the tenant currently has no intentions of reopening the store.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,320 SF
Building Class
B
Year Built
2017
Price
$1,300,000
Price Per SF
$156.25
Cap Rate
8.25%
NOI
$107,250
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.07
Lot Size
2.57 AC
Zoning
CG
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 8,320 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,320 SF | Retail | - | Now |
1st Floor
| Size |
| 8,320 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0028000000100B00 | Improvements Assessment | $381,440 |
| Land Assessment | $67,840 | Total Assessment | $449,280 |
Property Taxes
Parcel Number
0028000000100B00
Land Assessment
$67,840
Improvements Assessment
$381,440
Total Assessment
$449,280
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Family Dollar | 3250 Highway 81 S
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