525 Valleywood Rd - Drug Store FOR SALE


Tyrone, GA 30290
$3,330,794 USD
847-562-0003
525 Valleywood Rd, Tyrone, GA for Sale
$3,330,794 USD
Drug Store - FOR SALE
1/3
null | 7.05% Cap Rate

525 Valleywood Rd
Tyrone, GA 30290


HIGHLIGHTS

  • Strong Lease Continuity: Dollar Tree assumed Walgreens’ rental rate, signing a direct lease with the landlord after subleasing the property since 2019
  • Positioned within the Atlanta MSA – Ranked #6 in the United States for population size
  • Brand new roof – 20-Year transferable warranty
  • Below market rent
  • Six-?gure average household income within three miles - $162,280
  • Over 57,000 people live within a ?ve-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree property positioned within the Atlanta MSA in Tyrone, Georgia. Dollar Tree signed a new 10+ year lease in August 2024. The new lease includes four 5-year renewal options featuring 3% rental escalations at the start of each term. The current rent is below market (actual: $15.98/sf vs. market: $22.79/sf) according to CoStar. The property also recently received a new roof with a 20-year transferable warranty. Dollar Tree is an investment-grade tenant, boasting a “BBB” credit rating from Standard & Poor’s. Dollar Tree originally subleased the subject property from Walgreens in 2019. Upon the expiration of the Walgreens sublease, Dollar Tree demonstrated their long-term commitment to the location by signing a new direct lease with the landlord. Notably, Dollar Tree is paying nearly the same rental rate as Walgreens during their lease term, underscoring the property’s strong market positioning and stable rental income. The 14,693-square-foot building bene?ts from its position at the Southwest corner of Joel Cowan Parkway and Tyrone Road, which together experience over 34,700 vehicles per day. Nearby retailers include Publix, CVS, Advance Auto Parts, Goodwill, Shell, Waffle House, and several others. The property is also less than two miles south of Sandy Creek High School which has 1,200 students enrolled. There are over 57,000 people living within a ?ve-mile radius. Additionally, the population within a three-mile radius earns a six-?gure average household income of $162,280. Tyrone is located 25 miles south of Downtown Atlanta. Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.

FOR SALE DETAILS

PRICE

$3,330,794 USD

PRICE/SF

$241 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

C LUC

APN/PARCEL ID

07-27-00-072

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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