2590 Lawrenceville Hwy - Auto Repair FOR SALE


Lawrenceville, GA 30044
$1,957,300 USD
678-613-7327
2590 Lawrenceville Hwy, Lawrenceville, GA for Sale
$1,957,300 USD
Auto Repair - FOR SALE
1/10
null | 6.7% Cap Rate

2590 Lawrenceville Hwy
Lawrenceville, GA 30044


HIGHLIGHTS

  • Tenant initiated expansion and lease extension to 10-year NN lease with four 5-year renewal options
  • Prime location on Lawrenceville Hwy with traffic counts of over 27K
  • Five mile population exceeds 247,000
  • Highly rated local overall customer rating of 4.4 stars
  • Corporate guaranteed by Caliber Collision with over 1,800 auto service locations nationwide

OVERVIEW

Caliber Collision approached the Landlord to expand its footprint and enter a 10-year lease extension! They have operated at this location in Lawrenceville, GA (Atlanta MSA) since 2014! Traffic counts exceed 27,000 VPD with a population within a 5-mile radius over 247,000 and an average household income of $102,871. This offering includes two buildings to be fully occupied by Caliber Collision, totaling approximately 15,250 SF, on approximately 1.5 acres. Caliber Collision, the largest collision repair service in the US, is an outstanding national credit tenant with over 1,800 locations nationwide. The new 10-year NN lease has four 5-year renewal options with rent increases of 5% in Year 6 of the extended term and 2% annually during the renewal periods. Landlord responsibilities are limited to the roof, structure and parking lot. The Tenant is responsible for reimbursement of all taxes and insurance as well as other maintenance, utilities and grounds care. All tenant improvement expansion expenses are the responsibility of Tenant. The lease is corporate guaranteed by Caliber Collision, founded in 1997 provides a full range of automotive services ranging from mechanical repair and oil changes, to glass repair and replacement, and to automotive collision.

FOR SALE DETAILS

PRICE

$1,957,300 USD

PRICE/SF

$128 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net Lease | Caliber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C2

APN/PARCEL ID

5-018-043B

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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