192 Elm St - Freestanding FOR SALE


Lincolnton, GA 30817
$811,000 USD
404-832-1251
192 Elm St, Lincolnton, GA for Sale
$811,000 USD
Freestanding - FOR SALE
1/3
null | 8.5% Cap Rate

192 Elm St
Lincolnton, GA 30817


HIGHLIGHTS

  • 25+ Year operating Family Dollar with multiple options exercised
  • 1,400+ SF of vacancy allows for value-add opportunity through lease-up
  • Very Strong Store Metrics: Ranks in Top 83% and Projects $2.5M in Sales (according to Placer.AI)
  • Smaller mix of national tenants and few grocer options allow for Family Dollar to dominate immediate market
  • Proximity to Savannah River and Clark's Hill Lake allow the site to capture outside visitors

OVERVIEW

Franklin Street is pleased to present this Family Dollar strip in Lincolnton, Georgia. Lincolnton is located about 45 minutes from Augusta and is the county seat of Lincoln County. The town's proximity to the nearby Savannah River and Clark's Hill Lake make it an important retail hub for visitors. Lincolnton is home to the county school system, with a combined 658 students between its Middle and High Schools. Family Dollar is well situated on the corner of Elm Street and May Avenue, which sees over 5,000 VPD. Family Dollar is one of the nation's leading discount retailers, with over 8,000 locations across the country. Family Dollar has bolstered its financial positioning and prior debt woes with its recent partnership with fellow discount chain Dollar Tree. The immediate trade area has a healthy mix of national tenants including BP, Hardee's, Dollar General, the US Postal Office, and Texaco. There is a strong opportunity to negotiate a new long term lease in the future as Family Dollar has no remaining options and has a strong sales history at this location, with a rent level that couldn't be replicated if they relocated.

FOR SALE DETAILS

PRICE

$811,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C-1

APN/PARCEL ID

L08-019

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

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