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Retail Investment Opportunity | 10% Cap Rate 104 Hancock St 8,768 SF Retail Building Fort Gaines, GA 39851 $597,975 CAD ($68.20 CAD/SF) 10.59% Cap Rate
Investment Highlights
- Single-tenant retail building in downtown Fort Gaines (Clay County), Georgia
- Located in Fort Gaines, Georgia, just before the Alabama border and south of the Walter F. George Reservoir
- Fort Gaines is the county seat of Clay County
- Tenant has a 5-year lease with 4 years and 9 months remaining on its initial 5-year lease term
- Approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida
- Surrounded by acres of timberland and near the Chattahoochee River and Lake Walter F. George, making it an attractive destination
Executive Summary
This single-tenant retail investment opportunity in downtown Fort Gaines, Georgia (Clay County), is offered at $425,000 with an attractive 10% cap rate. The ±8,768 SF building generates approximately $50,400 in annual rental income and is leased to a neighborhood grocery store with approximately 4 years and 9 months remaining on its current 5-year lease. The store serves the local community with groceries, fresh meats, produce, beer and wine, and tobacco products.
Located just east of the Alabama border and south of Walter F. George Reservoir, the property is approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida. As the county seat of Clay County, Fort Gaines is surrounded by timberland and is near the Chattahoochee River and Lake Walter F. George, making it a popular destination for hunting, fishing, and other outdoor recreation.
Located just east of the Alabama border and south of Walter F. George Reservoir, the property is approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida. As the county seat of Clay County, Fort Gaines is surrounded by timberland and is near the Chattahoochee River and Lake Walter F. George, making it a popular destination for hunting, fishing, and other outdoor recreation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,768 SF
Building Class
C
Year Built
1987
Price
$597,975 CAD
Price Per SF
$68.20 CAD
Cap Rate
10.59%
NOI
$63,315 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.65 AC
Opportunity Zone
Yes
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | F06-054 | Improvements Assessment | $110,959 CAD |
| Land Assessment | $6,626 CAD | Total Assessment | $117,585 CAD |
Property Taxes
Parcel Number
F06-054
Land Assessment
$6,626 CAD
Improvements Assessment
$110,959 CAD
Total Assessment
$117,585 CAD
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Retail Investment Opportunity | 10% Cap Rate | 104 Hancock St
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