5970 Old Dixie Hwy - Freestanding FOR SALE


Forest Park, GA 30297
$770,000 USD
678-613-7327
5970 Old Dixie Hwy, Forest Park, GA for Sale
$770,000 USD
Freestanding - FOR SALE
1/13
null | 7.01% Cap Rate

5970 Old Dixie Hwy
Forest Park, GA 30297


HIGHLIGHTS

  • Rare “bite-size” NNN national tenant based in Savannah, GA with 2% annual rent increases!
  • Operating at this location since 2007 with lease and options through December 2037
  • Traffic counts more than 20K VPD and five-mile population over 186,000
  • Projected population growth through 2028 of 2.12%
  • Vibrant trade area close to major interstates and Hartsfield-Jackson International Airport

OVERVIEW

This rare “bite-size” NNN investment property just became an even better buy! The recent price reduction, coupled with a continuous operating history since 2007, make this Forest Park, GA, (Atlanta MSA) location a real winner! TitleMax is conveniently located in a major retail artery, close to Interstate 75 and Interstate 285, with traffic counts of 20,200 VPD. The ±2,971 SF store is located near a busy signalized corner. This densely populated area has a 5-mile population of 186,657 with an average household income of $57,048. Growth projections continue at 2.12% through 2028. The absolute NNN lease runs through November of 2037 and offers 2% annual rent increases to greatly enhance investor yield. The parent company, TMX Finance, is the lease guarantor and operates over 1,500 stores in 14 states. They are one of the largest title lending companies in the U.S. Forest Park is in the southern part of the Atlanta MSA, less than 10 minutes from Atlanta’s Hartsfield-Jackson International Airport. The area has retail establishments, residential neighborhoods, as well as apartments, churches, Public Storage, a Travelodge and a Super 8 Motel. Clayton State University, Southlake Mall, and Southern Regional Medical Center are all within 5 miles of the property.

FOR SALE DETAILS

PRICE

$770,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Lease Investment Opportunity | TitleMax

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

GB

APN/PARCEL ID

13-0110C-00B-014

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.