Property Listing No Longer Available for Sale

2710 US Highway 41 S, Valdosta, GA

Retail for Sale - $1,154,000


Property Info

CIMLS#947963
Location
  2710 US Highway 41 S
  Valdosta GA 31601
UpdatedSeptember 24th, 2017
TypeRetail
Price$1,154,000

Property Description

PRICE ADJUSTMENT! Bull Realty is pleased to present this absolute NNN Dollar General located in Valdosta, GA. The +/- 9,100 SF building, built in 2012, is located on busy US 41 on a +/- two acre corner parcel with nearby traffic counts averaging just over 9,000 vehicles per day. The corporate guaranteed NNN lease has ten years remaining on the initial term and is offered at a 7.2% cap. There is a rare 3% increase in year eleven of the initial fifteen year term and four 5-year option periods, each featuring a 10% increase in rents. This is an ideal investment for an investor looking for a higher starting cap rate and the worry-free ownership of excellent real estate with a successful national credit tenant. The average cap rate for the remaining initial term is 7.3% due to the rent increase in the 11th year, unlike the newer NNN flat terms of lease. Location Description: The subject property is located 4 mis east of I-75 and close to the Valdosta Regional Airport. It is the county seat of Lowndes County.<br />

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View Full Listing: <a href="https://realestate.oodle.com/j_a2xx_/4525656293-22666u1097,816-0F2BE7D5FDE3/realestate.oodle.com___ODLSLBoRiMU14cDZahWhJvBaicWjXPfHpO0yL_wxQ5-O0D3Zj9UlPOEHA2VmZCSpcV1TED-AEoH2-C7pvTxLgV5o9yD491lJvRE86FD98DryPhJ_U1Cga7RkEnZjz70qyypkK71rdQoAVR2rNKz8YLITe-X9tHKpEK_sA6m4," rel="nofollow">here</a>


Financials