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Dollar Tree 12480 Augusta Rd 10,500 SF Retail Building Lavonia, GA 30553 $1,720,000 ($163.81/SF) 7% Cap Rate
Executive Summary
Newer Construction Dollar Tree: Purpose-built in 2021, the Property offers a newer-construction, freestanding 10,500 SF retail building with long-term usability.
Corporate-Backed Credit Tenant: 100% leased to Dollar Tree Stores, Inc., an investment-grade tenant rated BBB by S&P.
Long-Term Net Lease: The lease runs through January 31, 2032, with four 5-year renewal options and rent increases in each option period.
Essential Retail for a Rural Trade Area: Dollar Tree’s value-oriented model fits well in rural markets, serving daily needs with affordable consumables, household goods, and convenience merchandise.
Attractive 1031 Price Point: Offered at $1,720,000 and a 7.00% cap rate, the asset provides a manageable entry point for investors seeking passive income from a national tenant.
Main Corridor Visibility Near I-85: Located on Augusta Road with traffic counts exceeding 14,300 VPD, less than 2 miles from Interstate 85.
Regional Demand Drivers: The site benefits from nearby residential areas, local schools, manufacturing, Lake Hartwell traffic, and proximity to Hartwell, Anderson, Clemson, Athens, and Greenville.
Corporate-Backed Credit Tenant: 100% leased to Dollar Tree Stores, Inc., an investment-grade tenant rated BBB by S&P.
Long-Term Net Lease: The lease runs through January 31, 2032, with four 5-year renewal options and rent increases in each option period.
Essential Retail for a Rural Trade Area: Dollar Tree’s value-oriented model fits well in rural markets, serving daily needs with affordable consumables, household goods, and convenience merchandise.
Attractive 1031 Price Point: Offered at $1,720,000 and a 7.00% cap rate, the asset provides a manageable entry point for investors seeking passive income from a national tenant.
Main Corridor Visibility Near I-85: Located on Augusta Road with traffic counts exceeding 14,300 VPD, less than 2 miles from Interstate 85.
Regional Demand Drivers: The site benefits from nearby residential areas, local schools, manufacturing, Lake Hartwell traffic, and proximity to Hartwell, Anderson, Clemson, Athens, and Greenville.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,500 SF
Building Class
C
Year Built
2021
Price
$1,720,000
Price Per SF
$163.81
Cap Rate
7%
NOI
$120,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.91 AC
Zoning
B-2 - Local Business District
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | L007-038 | Improvements Assessment | $220,020 |
| Land Assessment | $113,860 | Total Assessment | $333,880 |
Property Taxes
Parcel Number
L007-038
Land Assessment
$113,860
Improvements Assessment
$220,020
Total Assessment
$333,880
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar Tree | 12480 Augusta Rd
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