1178 Athens Rd - Storefront FOR SALE


Crawford, GA 30630
$902,000 USD
404-832-1250
1178 Athens Rd, Crawford, GA for Sale
$902,000 USD
Storefront - FOR SALE
1/1
null | 8.75% Cap Rate

1178 Athens Rd
Crawford, GA 30630


HIGHLIGHTS

  • Recent 10-year lease extension executed for Family Dollar: Two 5-year options included
  • Corporate guaranteed lease by investment grade tenant: Family Dollar rated BBB by S&P
  • Central to Oglethorpe County Market: Only dollar store in Crawford, one of two in Oglethorpe County

OVERVIEW

Franklin Street is pleased to present this multitenant strip center containing Family Dollar and 3,500 SF of vacancy in Crawford, Georgia. Crawford is located in Oglethorpe County, home to 15,469 residents. The county is the Eastern neighbor of Clarke County, home to Athens, Georgia and the University of Georgia. The University of Georgia has a total enrollment of over 40,000 and Athens has a permanent population of 128,711. The property is less than 15 miles from downtown Athens and the University. The parcel has frontage on US Highway 78, a connecting highway from Augusta and I-20 to Athens, creating steady and consistent traffic flow. This Family Dollar is the only dollar store in the town of Crawford, and one of only two in all of Oglethorpe county, allowing for a strong foothold in a local market. The Crawford market is also ideal for Family Dollar, as they prefer rural markets with limited store options. The Family Dollar lease allows for a passive investment, as the only landlord responsibilities are the roof and structure. Family Dollar is a long term tenant at this property, as they have been a tenant at the site since its development in 1998. The newly extended Family Dollar lease is a rare 10 year extension that included a rental bump to $72,000 per year. Nearby national tenants along US Highway 78 include Burger King, Ace Hardware, Subway, Dollar General, and BP gas.

FOR SALE DETAILS

PRICE

$902,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C3

APN/PARCEL ID

C4-011

ASK ABOUT THIS PROPERTY

Carter SmithFranklin Street Real Estate ServicesMore Info
404-832-1250

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Carter SmithFranklin Street Real Estate ServicesMore Info
404-832-1250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.