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1507 Lafayette Parkway, Lagrange, GA

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1507 Lafayette Parkway

Lagrange, GA 30241-2513 - Troup County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:5,600 SF Land Area:-
For Sale Price:$2,763,704 Price/SF:$493.52
Cap Rate:6.75 %

Sale Notes:
Stan Johnson Company is pleased to present to qualified investors the opportunity to acquire a two-tenant property, fully leased to Aspen Dental and Firehouse Subs, located in LaGrange, GA.

This fully stabilized asset leverages an extremely appealing tenant mix and premier retail location within LaGrange. Aspen Dental and Firehouse Subs have both executed new 10-year leases. Both leases include 10% rental increases every five years. Aspen Dental features three (3), 5-year options, and Firehouse Subs features two (2), 5-year options. The NN lease structure requires the Tenant to pay for taxes, insurance and Common Area Maintenance expenses, while the Landlord is responsible for the roof and structure. This attractive, high-quality new construction building measures 5,600 SF and is situated on a 1.17-acre outparcel to the LaGrange Mall.

Stan Johnson Company
Anne M Perrault
(918) 494-2690

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