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7802 Highway 19 9,100 SF Retail Building Zebulon, GA 30295 $480,000 ($52.75/SF) 7.75% Cap Rate
Investment Highlights
- Remodeled in 2024 showing long term investment into the site.
- Three 5-year renewal options provide long-term occupancy potential.
- Part of a 4 Property Portfolio Listing | All Low Price Point
Executive Summary
Fortis Net Lease is pleased to present the exclusive opportunity to acquire a single-tenant Dollar General located at 7802 US-19 South in Zebulon, Georgia. The property consists of a 9,100-square-foot retail building situated on a generous 2.84-acre parcel and is leased to Dollar General under a NN lease structure. Offered at $465,000, the asset provides an attractive 8.00% cap rate and generates annual net operating income of $37,200, making it an appealing investment opportunity for both private and 1031 exchange buyers.
Dollar General has approximately three years of lease term remaining through August 30, 2029, followed by three, five-year renewal options. The lease includes 6% rent increases at the commencement of each option period, providing investors with contractual rental growth and long-term income potential. Strategically positioned along US Highway 19, a primary transportation corridor through Pike County, the property benefits from strong accessibility, visibility, and its role as a convenient retail destination serving the surrounding rural community.
Dollar General has approximately three years of lease term remaining through August 30, 2029, followed by three, five-year renewal options. The lease includes 6% rent increases at the commencement of each option period, providing investors with contractual rental growth and long-term income potential. Strategically positioned along US Highway 19, a primary transportation corridor through Pike County, the property benefits from strong accessibility, visibility, and its role as a convenient retail destination serving the surrounding rural community.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,200
|
$4.09
|
| Other Income |
$150
|
$0.02
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,350
|
$4.10
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$150
|
$0.02
|
| Net Operating Income |
$37,200
|
$4.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $4.09 |
| Other Income | |
|---|---|
| Annual | $150 |
| Annual Per SF | $0.02 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,350 |
| Annual Per SF | $4.10 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $150 |
| Annual Per SF | $0.02 |
| Net Operating Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $4.09 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,100 SF
Building Class
C
Year Built/Renovated
2003/2024
Price
$480,000
Price Per SF
$52.75
Cap Rate
7.75%
NOI
$37,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.84 AC
Zoning
C-1 - Commercial
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 067B-066-C | Improvements Assessment | $167,366 |
| Land Assessment | $36,024 | Total Assessment | $203,390 |
Property Taxes
Parcel Number
067B-066-C
Land Assessment
$36,024
Improvements Assessment
$167,366
Total Assessment
$203,390
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