Verizon | 271 Walmart Ct
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Verizon 271 Walmart Ct
3,200 SF Retail Building Eastanollee, GA 30538 $1,165,000 ($364/SF) 7.75% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease by the Largest Premium Verizon Retailer in the U.S.
- Recent 3-Year Lease Extension Showing their Commitment to this Location
- 17,600 AADT on State Highway 17/Toccoa Bypass
- Proven Location with Successful Operational History in the Market
- Outparcel to Walmart Supercenter with Regional Draw
- Toccoa Has a Diverse Economic Base of 60 Industries & More Than 400 Businesses and Retail Outlets
Executive Summary
The subject property is a 3,200-square foot single-tenant retail building on a 1.16 acres parcel of land prominently situated with excellent access and visibility along State Highway 17 (17,600 AADT) at the Toccoa Bypass junction (6,420 AADT). The site benefits from robust demographics with a total daytime population of 20,709 within 5 miles of the site. Average household income within 1 mile of the site is $72,713, and total daytime population within 1 mile of the site is 579% of the base population.
The property is ideally situated within a highly trafficked Walmart Supercenter anchored shopping center with other co-tenants including The Home Depot, Mike Jones Ford Dealership, Sonic Drive-In, Murphy USA Gas Station, Captain D’s, Game Stop, Aaron’s, & More.
In addition, the site is located in close proximity to Stephens County High School, Big A Elementary School, The Pointe Church, & First Alliance Church, drawing additional traffic from members, students, parents, and teachers.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
The property is ideally situated within a highly trafficked Walmart Supercenter anchored shopping center with other co-tenants including The Home Depot, Mike Jones Ford Dealership, Sonic Drive-In, Murphy USA Gas Station, Captain D’s, Game Stop, Aaron’s, & More.
In addition, the site is located in close proximity to Stephens County High School, Big A Elementary School, The Pointe Church, & First Alliance Church, drawing additional traffic from members, students, parents, and teachers.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,200 SF
Building Class
B
Year Built
2008
Price
$1,165,000
Price Per SF
$364
Cap Rate
7.75%
NOI
$90,295
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.16 AC
Zoning
B-II
Parking
19 Spaces (5.94 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 043-278 | Improvements Assessment | $111,685 |
| Land Assessment | $108,840 | Total Assessment | $220,525 |
PROPERTY TAXES
Parcel Number
043-278
Land Assessment
$108,840
Improvements Assessment
$111,685
Total Assessment
$220,525
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Verizon | 271 Walmart Ct
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