Retail Investment Opportunity | 10.8% Cap Rate
104 Hancock St S
Fort Gaines, GA 39851
Highlights
- Single-tenant retail building in downtown Fort Gaines (Clay County), Georgia is offered at $398,000 with an attractive 10.8% cap rate.
- The ±8,768 SF building generates approximately $50,400 annually.
- Tenant has a 5-year lease with 4 years and 9 months remaining on its initial 5-year lease term. Tenant is a grocery store serving the local community with a selection of meats, produce, shelf-stable products, beer & wine and tobacco products.
- Located in Fort Gaines, Georgia, just before the Alabama border and south of the Walter F. George Reservoir.
- Approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida.
- Fort Gaines is the county seat of Clay County.
- Surrounded by acres of timberland and near the Chattahoochee River and Lake Walter F. George, making it an attractive destination for hunting and fishing.
Description
This single-tenant retail investment opportunity in downtown Fort Gaines, Georgia (Clay County), is offered at $425,000 with an attractive 10% cap rate. The ±8,768 SF building generates approximately $50,400 in annual rental income and is leased to a neighborhood grocery store with approximately 4 years and 9 months remaining on its current 5-year lease. The store serves the local community with groceries, fresh meats, produce, beer and wine, and tobacco products.
Located just east of the Alabama border and south of Walter F. George Reservoir, the property is approximately 70 miles south of Columbus, Georgia, ±110 miles southeast of Montgomery, Alabama, and ±100 miles northwest of Tallahassee, Florida. As the county seat of Clay County, Fort Gaines is surrounded by timberland and is near the Chattahoochee River and Lake Walter F. George, making it a popular destination for hunting, fishing, and other outdoor recreation.
This property is located in Fort Gaines, Georgia.
