Log In/Sign Up
Your email has been sent.
1816 Dean Ave SE 8,500 SF Retail Building Rome, GA 30161 $1,558,983 CAD ($183.41 CAD/SF) 7% Cap Rate
Investment Highlights
- NN+ lease with landlord responsible only for roof, structure, and foundation
- Current annual rent of $79,715 with 10% increase at next option period
- Below-market rent provides future upside through lease extension or re-tenanting
- Absolute passive investment with Dollar General, a BBB credit-rated tenant
- Located directly off U.S. Highway 441 with ±15,500 VPD and strong visibility
- ±3.28 years remaining on current lease term with one 5-year renewal option
Executive Summary
Maxx Bauman
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,500 SF
Building Class
C
Year Built
1984
Price
$1,558,983 CAD
Price Per SF
$183.41 CAD
Cap Rate
7%
NOI
$109,108 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
C-C
Frontage
149’ on Dean Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
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 End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | J14O-275 | Improvements Assessment | $164,887 CAD |
| Land Assessment | $52,372 CAD | Total Assessment | $217,259 CAD |
Property Taxes
Parcel Number
J14O-275
Land Assessment
$52,372 CAD
Improvements Assessment
$164,887 CAD
Total Assessment
$217,259 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1816 Dean Ave SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.