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4953 Lexington Rd 7,500 SF Retail Building Rayle, GA 30660 $1,200,000 ($160/SF) 6.98% Cap Rate
Investment Highlights
- Single Tenant NNN Leased Building
- 100% Bonus Depreciation
- 5/5 Year Renewals with rare 10% increases
Executive Summary
Cap Rate 7%. Single Tenant NNN leased property. Perfect for 1031 Exchange. Initial 15 year lease term June 2018 to June 2033. Additional 5/5 year renewals with rare 10% increases. Only 32 miles from Athens GA, home to University of GA.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
B
Year Built
2018
Price
$1,200,000
Price Per SF
$160
Cap Rate
6.98%
NOI
$83,769
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.46 AC
Zoning
002
Frontage
214’ on LEXINGTON RD
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 016B- -013 | Improvements Assessment | $178,021 |
| Land Assessment | $3,174 | Total Assessment | $181,195 |
Property Taxes
Parcel Number
016B- -013
Land Assessment
$3,174
Improvements Assessment
$178,021
Total Assessment
$181,195
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4953 Lexington Rd
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