Mirror Lake Pavilion | 2402-2418 Devonian Dr
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Mirror Lake Pavilion 2402-2418 Devonian Dr
18,014 SF 100% Leased Retail Building Villa Rica, GA 30180 $3,208,443 CAD ($178 CAD/SF) 8% Cap Rate
Investment Highlights
- 100% LEASED TO THREE (3) TENANTS | EASE OF MANAGEMENT
- EASILY ACCESSIBLE VIA INTERSTATE-20 | 78,000 VPD
- LOCATED WITHIN THE MASSIVE MIRROR LAKE COMMUNITY | 1,300+ HOMES AND GROWING
- ANCHORED BY DOLLAR GENERAL SINCE 2005
- 30+/- MINUTES OUTSIDE OF ATLANTA, GA
- NEARBY TENANTS: PUBLIX, WENDY'S, MCDONALD'S, TACO BELL, DUNKIN', WELLS FARGO AND MORE
Executive Summary
Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. Every day.® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 18,130 stores in 46 states as of January 28, 2022. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,014 SF
Building Class
C
Year Built
2006
Price
$3,208,443 CAD
Price Per SF
$178 CAD
Cap Rate
8%
NOI
$256,675 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.88 AC
Parking
52 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
280 ft on Conners Rd
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5025-01-7-0-254 | Improvements Assessment | $853,779 CAD |
Land Assessment | $220,790 CAD | Total Assessment | $1,074,569 CAD |
PROPERTY TAXES
Parcel Number
5025-01-7-0-254
Land Assessment
$220,790 CAD
Improvements Assessment
$853,779 CAD
Total Assessment
$1,074,569 CAD
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Mirror Lake Pavilion | 2402-2418 Devonian Dr
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