6 Candy Cane Lane, FL

$1,240,000
Property Type: Commercial for Sale Square Footage: 7,500 Lot Size (sq. ft.): 10,890 Status: Sold
Current Price: $1,240,000 List Date: 1/16/2019 Last Modified: 10/04/2024

Overview

Description

7,500 SF Dollar General store, located in Lyons, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5Yr.) options, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General which holds an investment grade credit rating of ”BBB”. The store is under construction with rent scheduled to commence on 7/23/2018.

Listing Details MLS# 679300

Contract Info

List Price/SqFt
165.33
Sub-Type
Retail

Location

Area
11 – Other Counties
Street #
6
Street Name
Candy Cane
Street Suffix
Lane
State
FL
County
Other
Sub Area
1101 – Other
Subdivision
Other
Community/Resort
None
Waterfront
No
Parcel ID
C41A 097D
Elementary School
Other
Middle School
Other
High School
Other
Directions
6 Candy Cane St Lyons Ga 304436
Legal Description
see attached long lengthy

General Property Info

List Class
Retail Store
Construction Status
Construction Complete
Acreage
0.25
SqFt Tot Bldg
7500
Year Built
2018

Status Change Info

Under Contract Date
2019-01-01
Sold Date
2019-01-16
Sold Price/SqFt
165.33
Sold Price/Acre
4960000

Listing Info, Tax and Legal

HOA Fee
No

Remarks & Misc

Remarks
7,500 SF Dollar General store, located in Lyons, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5Yr.) options, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General which holds an investment grade credit rating of ''BBB''. The store is under construction with rent scheduled to commence on 7/23/2018.

More Information

Financing

Cash
Yes
Conventional
Yes

Floors in Unit/Home

One
Yes

Property Features

Financing: Cash; Conventional
Listing Office: Elite Realty
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.