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Stanley K. Tanger Boulevard
Locust Grove, GA 30248
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
Land <ul><li>30± Acre Development Site (Divisible)</li><li>930'+ Frontage on Stanley K Tanger Boulevard</li><li>Site contains two Parcels</li><li>129-01056004 (25± Acres)</li><li>129-01056006 (5± Acres)</li><li>Zoning:</li><li>25 Acres - RM (Multi-Family)</li><li>5 Acres - C2 (General Commercial)</li><li>Topo: Gently rolling & wooded; borders creek</li><li>Property Tax Bill: $19,419 (2024)</li><li>Subject property is located adjacent to the new Hampton Inn; opposite Tanger Outlet Mall</li>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
