93 Woolsey Rd - Freestanding FOR SALE


Hampton, GA 30228
$1,070,000 USD
770-209-1700
93 Woolsey Rd, Hampton, GA for Sale
$1,070,000 USD
Freestanding - FOR SALE
1/9
null | 7.01% Cap Rate

93 Woolsey Rd
Hampton, GA 30228


HIGHLIGHTS

  • 7% cap \ Early renewal in 2023 with tenant investing $150,000+-
  • Built 2004 lease renewed through June 30, 2029
  • 8,000 SF on 0.77 acres zoned C-1 commercial.
  • Two 5 year renewal options with 10% increase per renewal period
  • 18,000+ population $81,000+ avg HH income 3 miles
  • Located in Hampton, GA near Atlanta Motor Speedway 25 miles south of Atlanta

OVERVIEW

The Family Dollar of Hampton, Georgia offers an investor a credit tenant leased property with little management responsibility. The 0.77 acre parcel is improved with an 8,000 square foot retail store of steel and brick construction completed in 2004. The initial ten year NN lease has a current term through June 30, 2029 and two remaining 5-year options periods with 10% rent increases per renewal period. In 2023, the tenant extended the term early and invested approximately $150,000 in improvements including replacement freezers-coolers new check- out lanes, new lighting, ceiling and paint. In addition to rent, the tenant pays a monthly estimate for taxes and insurance with a once per year settle up. The tenant maintains the grounds and parking lot in lieu of paying a CAM charge. The landlord is responsible for repairs to the roof, structure, parking lot and HVAC repairs in excess of $1,000 per lease year. Hampton is located 25 miles south of Atlanta in Henry County and is best known for the Atlanta Motor Speedway (AMS), located 3 minutes from the property. AMS is a world class NASCAR race track and year-round multipurpose event facility on more than 840 acres. The 3 mile population is 18,000+ with an average household income of $81,000+. Family Dollar Stores, Inc. with over 8,000 stores in 44 states is a leading discount retail chain in the United States. In 2015, Dollar Tree bought Family Dollar and the combined company has over 15,000 stores in 48 states. Dollar Tree gross sales in 2024 were $30.6 billion an 8.02% increase from the prior year. Family Dollar sells merchandise in core categories: health and beauty aids, packaged food and refrigerated products, home cleaning supplies and seasonal goods.

FOR SALE DETAILS

PRICE

$1,070,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

7.01%

% 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

2004

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C1

APN/PARCEL ID

009--01-005-021

ASK ABOUT THIS PROPERTY

Matthew LevinSVN Interstate BrokersMore Info
770-209-1700

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Matthew LevinSVN Interstate BrokersMore Info
770-209-1700

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