808 New Franklin Rd - Auto Repair FOR SALE


Lagrange, GA 30240
$3,045,738 USD
332-345-4222
808 New Franklin Rd, Lagrange, GA for Sale
$3,045,738 USD
Auto Repair - FOR SALE
1/2
null | 7.25% Cap Rate

808 New Franklin Rd
Lagrange, GA 30240


HIGHLIGHTS

  • Long-Term, 18.9-Year Absolute Triple Net (NNN) Sale Leaseback
  • Lease Commenced September 2022
  • Two Percent (2.00%) Rental Increases Occurring Annually Starting Year 7

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Main Street Auto located at 808 New Franklin Rd in LaGrange, Georgia. The site consists of roughly 13,644 rentable square feet of building space on estimated 3.80-acre parcel of land. This Main Street Auto is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 1st, 2022. The current annual rent is $220,816 and is scheduled to increase by 2.00% Annually beginning in the seventh year and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,045,738 USD

PRICE/SF

$223 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,528 SF

ZONING

023

APN/PARCEL ID

050-2B-005-009

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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