123 Main St
Gordon, GA 31031
Absolute NNN Piggly Wiggly | $90,000 NOI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibilities: Absolute NNN with zero landlord responsibilities and $90,000 NOI (Recent extension until 2027).
- Long-Term Tenant & Recent Extension: Piggly Wiggly on site for 39 yrs w/ recent extension(2027) to provide new ownership w/ further financial security
- Immediate access to traffic-heavy Main Street in a retail corridor with a variety of regional and national retailers.
- Corporate Guarantee: Strong corporate guarantee (HAC Inc.) with 80+ units and over 100 years of operating history.
- Four 5-year lease options with 5% rate increases provides additional opportunity to capture longer-term upside at a low-cost basis.
- Piggly Wiggly is the only grocery option within a 10-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,280 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.00 AC
Zoning
Commercial
Parking
125 Spaces (6.16 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | G13-154 | Improvements Assessment | $413,568 |
| Land Assessment | $42,300 | Total Assessment | $455,868 |
