Cap Rate: 7.75%
Net Operating Income: $105,768
Year Built: 2008
The subject property is a 8,814 square foot, single tenant Dollar Tree property in Canton, Georgia. The property was built in 2008 and leased to Dollar Tree on a net lease, and the tenant recently extended the lease that now expires at the end of December, 2023. The tenant has four, 5-year options to renew beyond the initial term. The landlord is responsible for roof, structure, and limited exterior maintenance.
Canton is a vibrant community that offers a welcoming blend of charm, progressive spirit and endless opportunities for all. In Canton, you’ll find exciting and new possibilities for growth within an authentic, inviting community that deeply cares about the City’s future and unrivaled quality of life. Conveniently between Atlanta and the Blue Ridge Mountains, the city offers scenic views of foothills and the Etowah River, flowing through the City. Canton has great shopping, dining, events, arts and exceptional parks. Canton holds something for everyone.