All Forum Posts by: Margot Weatherford

Thank you for your responses. 

Yes, the current NOI would yield a 5.7% cap rate. Not ideal, but the current owner has had health issues that have deterred from fully leasing the building. So it has incredible upside.

Hello,

I’m reaching out regarding a unique listing: an 11,000 sq ft historic building located just one hour north of Atlanta in North Georgia. The property features two 1,400 sq ft suites on the main level (one currently leased) and over 3,000 sq ft on the upper level, with 750 sq ft already occupied, 3 small office spaces (+/- 250 sq ft each), and a basement tenant with 1,400 sq ft of storage space.

The building generates $6,000 in monthly gross income from its five tenants, but with full occupancy and market-rate rents, it has the potential to bring in $10,000+ per month.

Given its historical significance, stunning architectural details, and location, I’m curious about your opinion: Would this property be more marketable for sale with or without the current tenants?

Additionally, the owner is considering design plans to convert part of the upstairs into three apartments, adding further value and flexibility.

I’d love to hear your thoughts.

3 year lease 

How much should I as tenant recommend to increase annual CAM fee? 799 sq ft space

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That would be greatly appreciated! Thank you

Does anyone know if double close is permissible in Georgia? Atlanta Metro area 

I know in NC it has to be an assignment 

Yes thank you! The one we are considering, Family Dollar just exercised lease extension at this location through 2027. NN lease. 

I am seeing a lot of Dollar Generals pop up in North Georgia. It seems that Dollar General, although they decreased # of stores open this year, are a stronger brand than FD/DT.

Commercial Brokers/ Investors that are familiar with Family Dollar/ Dollar Tree stores. What cap rate do you consider strong as a buyer right now when purchasing one of these locations? Every investor wants a 10% cap, but what, in your experience, is the current realistic cap for this retail chain purchase? Thank you!