113 North Main Street

Blakely, GA

Retail for Sale - $637,500

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #930151
Location113 North Main Street
Blakely GA 39823
Last UpdatedNovember 16th, 2017
TypeRetail
Price$637,500

Contact


Property Description

This 28,560 square foot, freestanding Piggly Wiggly grocery store is situated on 2.4 acres in the heart of downtown Blakely, Georgia. The property is leased through April 2019 by a franchisee who operates four Piggly Wiggly stores in Georgia and Alabama. The offering price yields an 8% cap rate on 2017 NOI, estimated at $51,886. The property is priced well below replacement cost at $22.32 per square foot.

Location Description:

Located on Main Street in the center of downtown Blakely, GA.

Highlights:

>> ±28,560 SF freestanding Piggly Wiggly

>> Situated on 2.4 acres in downtown Blakely, GA

>> Property leased through April 2019 to franchisee

>> Franchisee operates four Piggly Wiggly locations

>> Priced well below replacement cost at $22.32/SF