2966 Columbia Street, Milledgeville, GA
Retail for Sale - $1,041,000 - 9,014 Sq. Ft. on 1.22 acres
Property Info
| CIMLS# | 822128 |
| Location 2966 Columbia Street Milledgeville GA 31061 | |
| Updated | December 24th, 2016 |
| Type | Retail |
| Price | $1,041,000 |
| Building | 9,014 Sq. Ft. |
| Land | 1.22 acres |
Property Description
Sperry Van Ness is pleased to present the 9,014 square foot freestanding Dollar General NN leased investment in the Lake Sinclair area just north of Milledgeville, GA.
The lease is fixed rent of $83,305.44 through May 31,2026 with 9% increases per extension in the five remaining five year option periods, providing the investor with stable income. The landlord is responsible for roof and structure. The tenant reimburses the landlord for taxes and insurance plus $308 per month for grounds.
Location Description:
The property is located on Highway 441 close to Lake Sinclair and 7 miles north Milledgeville, GA.
Highlights:
>> NN Leased Dollar General Investment
>> 9,014 SF built in 2009
>> 10 year NN lease thru October 2019
>> 5-5 year options @ 10% increase per period
>> $58,000+ avg. HH income/6,700+ pop. 3 mi.
* Email for additional photos
Financials
Sales Info:
>> Commision split: 4.0%
