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1816 Dean Ave SE
Rome, GA 30161

$1,139,000 USD

Freestanding For Sale  •  8,500 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,500 SF
  • Lot Size 0.44 AC
  • Building Class C
  • Year Built 1984
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning C-C
0 Transit Score
53 Walk Score

Highlights

NN+ lease with landlord responsible only for roof, structure, and foundation
Absolute passive investment with Dollar General, a BBB credit-rated tenant
Current annual rent of $79,715 with 10% increase at next option period
Located directly off U.S. Highway 441 with ±15,500 VPD and strong visibility
Below-market rent provides future upside through lease extension or re-tenanting
±3.28 years remaining on current lease term with one 5-year renewal option
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General
Jaden Katz 332-895-3073 Matthews Real Estate Investment Services
Jaden Katz 332-895-3073 Matthews Real Estate Investment Services