Main Street Auto
LaGrange, GA
Key Details
| Price: | $3,045,738 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $220,816 |
| Address: | 808 New Franklin Road, LaGrange, Georgia 30240 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 9/1/2022 |
| Lease Expiration: | 8/31/2042 |
| Lease Term Remaining: | 17.9 Years |
| Rental Increases: | 2.00% Annually Starting Year 7 |
| Lot Size: | 3.80 Acres |
| Building Size: | 13,644 SF |
| Year Built: | 1993 |
NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 808 New Franklin Road, LaGrange, Georgia 30240. The site consists of roughly 13644 rentable square feet of building space on an estimated 3.8-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 9/1/2022. The current annual rent is $220,816 and has scheduled increases of 2.00% Annually Starting Year 7.
About the Investment
- 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
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
- Rapidly Expanding Operator | ~70 Units rapidly Expanding
Key Details
| Price: | $3,045,738 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $220,816 |
| Address: | 808 New Franklin Road, LaGrange, Georgia 30240 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 9/1/2022 |
| Lease Expiration: | 8/31/2042 |
| Lease Term Remaining: | 17.9 Years |
| Rental Increases: | 2.00% Annually Starting Year 7 |
| Lot Size: | 3.80 Acres |
| Building Size: | 13,644 SF |
| Year Built: | 1993 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Walker Stevens
wstevens@nnnpro.com
License: NY: 10401381479
Broker of Record
Brian Brockman
Bang Realty-Georgia, Inc
License: 378952
Related Listings
Loading...
Applebee's
655 Duluth Highway, Lawrenceville, Georgia 30046
PRICE$2,939,462
CAP RATE7.25%
Loading...
Cornerstone Academy
118 Old Evans Road, Martinez, Georgia 30907
PRICE$2,365,829
CAP RATE7.00%
Loading...
Mister Car Wash
1035 Parkway Boulevard, Athens, Georgia 30606
PRICE$5,047,843
CAP RATE7.00%
Loading...
Mister Car Wash
930 Peachtree Parkway, Cumming, Georgia 30041
PRICE$4,893,943
CAP RATE7.00%
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.