109 Gray RD, Cairo, GA 39827
109 Gray RD, Cairo, GA 39827
109 Gray RD, Cairo, GA 39827
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$1,210,857
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9,002 SqFt
New

109 Gray RD Cairo, GA 39827

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Candice Mitchell

Candice Mitchell

+1(404) 660-9565

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Key Details

Property Type Commercial

Sub Type Commercial,Retail

Listing Status New

Purchase Type For Sale

Square Footage 9,002 sqft

Price per Sqft $134

Subdivision No Subdivision

MLS Listing ID 10782028

HOA Y/N No

Year Built 2016

Annual Tax Amount $4,984

Tax Year 25

Lot Size 2.000 Acres

Acres 2.0

Lot Dimensions 2

Property Sub-Type Commercial,Retail

Source Georgia MLS 2

Property Description

Coldwell Banker Commercial- Metro Brokers is pleased to present this brand new 9,002 SF. Dollar General store located in Cairo, Georgia. The property is incombered by a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 10% rent increases at each of the 5 (5 Year) Options to renew. The lease is a corporate guarantee by Dollar General Corporation which holds a credit rating of "BBB", which is classified as Investment Grade. Placer.ai estimates the annual revenue at the store about $2.4M which yields a very healthy rent to sales ration of under 4%, This Dollar General is highly visible as it is strategically positioned on N. Broad Street with about 8,000 cars per day and within 3-,iles of downtown Cairo. The 10 mile population from the site is 24,663 while the 5-mile average household income is $70,123 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation's top dollar store. List price reflects a 7.00% cap rate based on the NOI of $84,742.00

Location

State GA

County Grady

Zoning COM

Rooms

Bedroom Description No

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved, Parking Lot

Garage Spaces 32.0

Utilities Available Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available

View Y/N No

Total Parking Spaces 32

Garage No

Private Pool No

Building

Lot Description Level

Faces GPS

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Others

Tax ID 00660040001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Resale

Georgia MLS - GAMLS
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Candice Mitchell

Candice Mitchell

Agent | License ID: 366333

+1(404) 660-9565

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109 Gray RD