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Ace Hardware 3204 Highway 155 11,272 SF Retail Building Locust Grove, GA 30248 $5,071,923 CAD ($449.96 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Newer 2023 construction
- #1 rank in Forbes best customer service list
- Minutes from city's commercial corridor
- Fresh 15-year lease
- Dynamic residential and commercial growth
Executive Summary
Avison Young is pleased to exclusively represent the Seller in the sale of this newly constructed Ace Hardware property. Located in the heart of Locust Grove, this single-tenant property sits on one of the busiest highways in the market and features a fresh 15-year lease from Ace Hardware. It's situated on 3.5 acres with ample parking and access points. This Ace Hardware is also located just up the road from Heron Bay, a prestigious golf community, and surrounded by many other residential neighborhoods.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront
Building Size
11,272 SF
Building Class
C
Year Built
2023
Price
$5,071,923 CAD
Price Per SF
$449.96 CAD
Cap Rate
6.50%
NOI
$329,675 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.87 AC
Zoning
C2 - General Commercial
Parking
25 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
161’ on Georgia 155 South
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Ace Hardware began in 1924 when Chicago entrepreneurs combined resources to form Ace Stores. By 1931, it became Ace Hardware Corporation and transitioned to a retailer-owned cooperative in 1973. The company now serves thousands of independent stores across numerous countries with products spanning home improvement, paint, lawn and garden, and tools. Ace provides business support through marketing, supply chain services, and localized inventory while maintaining community-focused operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0080-01-020-010 | Improvements Assessment | $421,865 CAD |
| Land Assessment | $165,072 CAD | Total Assessment | $586,937 CAD |
Property Taxes
Parcel Number
0080-01-020-010
Land Assessment
$165,072 CAD
Improvements Assessment
$421,865 CAD
Total Assessment
$586,937 CAD
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Ace Hardware | 3204 Highway 155
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