2986 Etheridge Mill Rd - Manufacturing FOR SALE


Griffin, GA 30224
$4,250,000 USD
929-229-2614
2986 Etheridge Mill Rd, Griffin, GA for Sale
$4,250,000 USD
Manufacturing - FOR SALE
1/11
null | 8.28% Cap Rate

2986 Etheridge Mill Rd
Griffin, GA 30224


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Manufacturing and Distribution Hub | Spalding Village
  • Strong Demographics In the Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Yancey Brands investment property located in Griffin, Georgia. The tenant, Yancey Brands (34+ locations in GA), recently signed a brand new 3 year lease with 2 (2-year) options to extend, demonstrating their commitment to the site. The site is an expansion location for the tenant, who own and occupy an adjacent property in the market. The lease features 3% annual increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Furthermore, the site has approximately 1.75 acres of usable industrial outdoor storage (IOS).

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

8.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yancey Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

4.25

LAND SF

185,130

ZONING

Industrial Land

APN/PARCEL ID

086-081,086-081-A

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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