1741 Newnan Crossing Blvd - Storefront FOR SALE


Newnan, GA 30265
$2,550,000 USD
404-832-1251
1741 Newnan Crossing Blvd, Newnan, GA for Sale
$2,550,000 USD
Storefront - FOR SALE
1/3
null | 5% Cap Rate

1741 Newnan Crossing Blvd
Newnan, GA 30265


HIGHLIGHTS

  • Rare Discount Tire Lease: Concept Owns 95%+ Of Their Real Estate
  • Passive Absolute NNN Lease With 20-Year Lease Term Remaining
  • Scheduled Rental Increases: 10% Every 5 Years
  • Outparcel to Top Performing Kroger: Sales Projected Over $60M Annually
  • Affluent Submarket with $113,000+ Household Incomes
  • FREYR Battery Building $2.6B Factory Nearby Creating 720 New Jobs

OVERVIEW

Franklin Street is pleased to present this new 20-year ground leased Discount Tire in Newnan, Georgia. Newnan is a southern suburb of the Atlanta MSA, 40 miles from downtown Atlanta. Like much of the Atlanta MSA, Newnan has seen substantial growth over the last 10 years (18%) and more than 10% population growth expected over the next 5 years. Due to its convenient location along I-85 and proximity to Hartsfield Jackson International Airport, industries have flocked to the area and residents have followed due to the lower cost of living and strong education system. Discount Tire is the largest independent tire retailer in the world with close to 1,200 locations. They are the largest tire retailer in unit share (14%) and dollar share (15%), both significant leads over competitors. This location is located on the last remaining outparcel to one of the top performing Kroger locations in the state, and adjacent to other traffic generating retailers including Publix, McDonald's, Wells Fargo, Freddy's, Subway, Great Clips, Dollar Tree, among others.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Discount Tire Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

C

APN/PARCEL ID

098A-442

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

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Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.