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Dollar General 24 Pyne Rd 10,640 SF 4-Star Retail Building Lagrange, GA 30240 $3,157,864 CAD ($296.79 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Single Tenant Investment Property
- Perfect for 1031 Exchange
- 5/5 Year Lease Renewals with 10% Increases
EXECUTIVE SUMMARY
Perfect NNN leased investment property for 1031 exchange. Initial 15 year lease June 2018 to June 2033. Additional 5/5 year renewals with rare 10% increases. Excellent location. Minutes to West Point Lake. Lagrange is home to Lagrange College, the oldest private college in the state of Georgia. Average house hold income of $94,934.00.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$3,157,864 CAD
Price Per SF
$296.79 CAD
Cap Rate
5.75%
NOI
$181,711 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.27 AC
Zoning
CG - Commercial General
Parking
33 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
334’ on Pyne Road
PROPERTY TAXES
| Parcel Number | 080-2-000-004 | Improvements Assessment | $760,811 CAD |
| Land Assessment | $156,487 CAD | Total Assessment | $917,298 CAD |
PROPERTY TAXES
Parcel Number
080-2-000-004
Land Assessment
$156,487 CAD
Improvements Assessment
$760,811 CAD
Total Assessment
$917,298 CAD
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Dollar General | 24 Pyne Rd
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