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Ace Hardware 3204 Highway 155 11,272 SF Retail Building Locust Grove, GA 30248 $5,185,402 CAD ($460.03 CAD/SF) 6.50% Cap Rate

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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.

Ace Hardware OM - Reduced

Property Facts

Sale Type

Investment

Sale Condition

Sale Leaseback

Property Type

Retail

Property Subtype

Storefront

Building Size

11,272 SF

Building Class

Year Built

2023

Price

$5,185,402 CAD

Price Per SF

$460.03 CAD

Cap Rate

6.50%

NOI

$337,051 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

Retailer
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Ace Hardware began in 1924 as a retailer-owned hardware cooperative formed by Chicago-area store owners and later became Ace Hardware Corporation. The company operates a broad network of independently owned stores that serve local communities with hardware, home improvement, lawn and garden, paint, and tool products. Ace Hardware also extends into home services, offering residential maintenance and repair work that includes plumbing, heating, cooling, electrical, handyman services, and painting. Across its retail and service businesses, the company is built around a local-owner model that pairs neighborhood storefronts with a shared brand and wholesale support structure.