6541 Tara Blvd - Auto Repair FOR SALE


Jonesboro, GA 30236
$1,848,379 USD
310-850-3124
6541 Tara Blvd, Jonesboro, GA for Sale
$1,848,379 USD
Auto Repair - FOR SALE
1/4
null | 7.25% Cap Rate

6541 Tara Blvd
Jonesboro, GA 30236


HIGHLIGHTS

  • Retail outparcel to 120,000 SF shopping center
  • Grease Monkey: Strong regional franchisee
  • Absolute NNN lease with 10% rent increases every 5 years
  • Diversified tenant mix with recession-resistant businesses.
  • Highly visible corner parcel with 62,000 vehicles passing daily.

OVERVIEW

Century Partners is pleased to present the opportunity to acquire a a prime retail outparcel situated at a highly visible corner with 62,000+ vehicles passing daily. The property is master leased to Grease Monkey, a strong regional oil change franchisee. A sublease is in place for an adjacent retail user (contact broker for details). The absolute NNN lease features favorable terms, including 10% rent increases every five years, ensuring consistent income growth and a virtually hands-off investment.

FOR SALE DETAILS

PRICE

$1,848,379 USD

PRICE/SF

$515 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grease Monkey Oil Change - Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

GB

APN/PARCEL ID

13-0142D-00E-002

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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