3137 Main St - Freestanding FOR SALE


East Point, GA 30344
$650,650 USD
210-889-6819
3137 Main St, East Point, GA for Sale
$650,650 USD
Freestanding - FOR SALE
1/5
null | 6.86% Cap Rate

3137 Main St
East Point, GA 30344


HIGHLIGHTS

  • 8 years left
  • NNN

OVERVIEW

Property Description We are pleased to offer to investors a single tenant NNN drive thru building positioned on a shopping center outparcel that is 100% leased and guaranteed by Title Max - one of the nation's largest and most reputable title lending companies. The subject property has approximately 8.5 years remaining they have been in the location since 2003 . They have rent increases every 2 years. The in-place annual rent of approximately $44,634 2, which is substantially below market rents and offers an investor additional downside risk mitigation. The lease is corporate guaranteed by TMX Finance LLC, which owns a network of 1,035 stores, including 831 Title Max stores, 151 Title Bucks stores, 77 Equity Auto Loan stores, and 53 InstaLoan stores in over 12 states and is currently rated B3 by Moody's Rating Agency. Title Max offers a title loan product which allows customers to meet their liquidity needs by borrowing agains the value of their vehicles while retaining use of their vehicle. This opportunity offers an investor a corporate guaranteed, single tenant absolute NNN investment that is price below replacement cost and situated along Main St Highlights Strong Corporate Lease by TMX Finance- Moody' s Rated B3 - Over 1000 Locations Nationally Below Market Rent - Below Replacement Cost - Low Downside Risk Rare Opportunity to Purchase National Tenant at Low Price Point Single Tenant NNN Lease - Freestanding Building with Drive Thru- Plenty of Parking Zero Landlord Responsibilities National Lending Leader - Strong AZ Presence and Market Share

FOR SALE DETAILS

PRICE

$650,650 USD

PRICE/SF

$514 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C2

APN/PARCEL ID

14-0158-0007-014-5

ASK ABOUT THIS PROPERTY

Jeff HammondHSI CommercialMore Info
210-889-6819

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

Jeff HammondHSI CommercialMore Info
210-889-6819

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