Property Listing No Longer Available for Sale

1313 W Third Street, Jackson, GA

Retail for Sale - $2,745,000 - 24,750 Sq. Ft.


Property Info

CIMLS#134439
Location
  1313 W Third Street
  Jackson GA 30233
UpdatedFebruary 2nd, 2012
TypeRetail
Price$2,745,000
Building24,750 Sq. Ft.

Property Description

Bull Realty is pleased to offer this Dollar General Market store, a new large format store that includes groceries. Offered at an 8.2% Cap, this store is located in a busy trade area across from an Ingles grocery. This store was built in 2007 and has a 15-year NN lease. New market stores that are coming on line below an 8CAP! This is a great opportunity to have the stability, quality and higher yield! The 24,750 +/- SF store is block and concrete on 2.97 +/- acres with a concrete parking lot and 20 year three 5-year options. The lease is corporate guaranteed by Dollar General. This property is ideal for an investor looking for quality real estate, minimal landlord responsibilities (roof, structure and capital expenses on parking lot), good returns and the strength of a successful national credit tenant.

Dollar General operates over 9800 stores throughout the US and has a BB+ rating with Standard and Poors.

The store is located on the main retail artery in Jackson, GA, across from an Ingles grocery store, just south of metro Atlanta near I-75. Traffic counts are in excess of 13,000 vehicles per day. Within a 3-mile radius, the population is over 7,400 with average household income of $49,361. This is a main corridor between Macon and the Covington/Conyers areas.

Property priced at $2,745,000.00.

Please contact Sheree or Nancy for additional details regarding this property.

Please Contact:

Sheree Berk

Sheree@BullRealty.com

404.876.1640 x 122

OR

Nancy Miller

Nancy@BullRealty.com

404.876.1640 x 118


Financials



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