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Investment Highlights

  • Occupied with rent-paying tenant
  • Heavy foot traffic
  • Revitalized Locale

Executive Summary

We have a property with a rent-paying tenant that we are looking to sell to investors seeking to collect rent over the term or the lease. The tenant is paying $4,500/mo (or $54,000/yr) with a bit over 4 years left in their lease. The building is in the busy Gainesville area with heavy foot traffic and many nearby appartments.

Property Facts

Price $1,134,693 CAD
Price Per SF $378.23 CAD
Sale Type Investment NNN
Cap Rate 6.51%
Sale Condition Sale Leaseback
Property Type Flex
Property Subtype
Showroom
  • General Retail Storefront
Building Class C
Lot Size 0.07 AC
Rentable Building Area 3,000 SF
No. Stories 1
Year Built 1930
Tenancy Single
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning CBD - Retial

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • The Favorite
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
The Favorite Retailer 99,999 SF - Lorem Ipsum -
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
01-00013-03-014
Land Assessment
$34,232 CAD
Improvements Assessment
$177,121 CAD
Total Assessment
$211,354 CAD
  • Listing ID: 40248898

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 624 Grove St, Gainesville, GA 30501

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