Retail•Free Standing Building•For Sale

Family Dollar - Leesburg, GA

224 Walnut Avenue South, Leesburg, Georgia 31763

Sale Price $560,000
Bldg Type Single Tenant
Year Built 1999
Vacancy 100%
Gross Bldg 8,000 SqFt
Land Area .88 Acres
For sale this Family Dollar store with a recent lease renewal for 5 years extending this stores lease until 11/30/2024. This store was developed in 1999 and has been operating effectively since. Family Dollar is responsible for Taxes and landlord is responsible for the roof and structure, P&C insurance, and major repairs greater than $500. Located in the heart of Lee County Georgia, on the main drag Highway 19 (9,590 AADT) through Leesburg. The property sits near many other national retailers such as: Hardees, IGA, Circle K, McDonald's, O'Reilly Auto Parts, Dollar General, etc. With multifamily and residential communities nearby, this retail corridor is constantly provided with frequent visitors. Lee County is ranked 4th in the best growth potential by American City Business Journals, and it has also maintained a growth rate of nearly 52% since 1990, twice the State average. The reason for growth is the combination of Lee County's award winning state and nationally acclaimed school system and pro-business approach to economic development. Middle to upper income demographics have migrated from the Southern Dougherty County (Albany), where high tax, and anti-growth policy has pushed residence and businesses North. The former hometown of World Series Champion Buster Posey, and country music superstar Luke Bryan, Leesburg is also home to many manufacturing and distribution employers including: ACC Distributing, Inc., Applied Fiver Telecommunications, and Woodgrain Millwork, Inc. Lee County's largest employers are MillerCoors, Phoebe Putney Memorial Hospital, and Proctor & Gamble.
  • Well established location - Over 20 year operating history
  • Strong location on the main drag, Highway 19 (9,590 AADT)
  • Walking distance from apartment complexes, city park, and residential communities.
  • High cap rate
3/12/2020 2:24:21 PM 4/7/2020 3:01:16 PM
Matt Fleck
Associate Advisor
SVN | SouthLand Commercial
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