905 Hamilton Blvd - Auto Repair FOR SALE


Griffin, GA 30223
$1,897,034 USD
332-345-4222
905 Hamilton Blvd, Griffin, GA for Sale
$1,897,034 USD
Auto Repair - FOR SALE
1/2
null | 7.25% Cap Rate

905 Hamilton Blvd
Griffin, GA 30223


HIGHLIGHTS

  • Long-Term, 18.9-Year Absolute Triple Net (NNN) Lease
  • Lease Commenced September 2022
  • Two Percent (2.00%) Rental Increases Occurring Annually Starting Year 7
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Main Street Auto located at 905 Hamilton Blvd in Griffin, Georgia. The site consists of roughly 5,696 rentable square feet of building space on estimated 1.44-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 $137,535 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

$1,897,034 USD

PRICE/SF

$333 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

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

C-1

APN/PARCEL ID

020A-02-011

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.