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804 Whitesville Street, Lagrange, GA

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804 Whitesville Street

Lagrange, GA 30240-6722 - Troup County Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2004
Building Size:5,702 SF Land Area:.37 AC (16,117 SF)
For Sale Price:$399,000 Price/SF:$69.98
Cap Rate:10.39 %
Parking:33 Surface spaces are available

Net lease investment with one year left on lease

PRIME COMMERCIAL/INVESTMENT PROPERTY!!! 6,480 sq.ft. - Office/Retail Building that is only 8 years new. 7 units total. All units currently leased. All leases remain with sale. Endless possibilities. The complex is situated on a corner lot with tremendous traffic count on an intown US Highway. Schools nearby, public housing nearby, interstate nearby. This is a great investment opportunity in a wonderful southern town. Excellent rental history. Available upon request.
From I-85 Right on the Whitesville Road Exit 13. Go approx 3 miles. Plaza on left. Look for Whitesville Place sign

Sale Notes:
Great investment opportunity. Commercial Retail Plaza. All six units leased. Less than one mile from LaGrange square and new planned Marriott hotel and recently completed Amphitheater. Less than two miles from future site of Great Wolfe Lodge indoor Water Park and I-85. Water Park scheduled to open late 2018 and expecting over 500,000 annual visitors. 13,500 cars daily with enormous increase expected over next 5 years. $41,500 NOI. 10.4% Cap Rate. Potential of 25 to 30% IRR over next 10 years with leverage. Available demographics report, Investment analysis, and tenant history. Serious inquiries only.
LaGrange, Ga. One mile from square on state route, highly traveled corridor. Quick access to I-85. One hour south of Atlanta. Population, 1 mi - 7,137, 3 mi - 25,978, 5 mi - 39,081

Coldwell Banker Commercial Spinks Brown Durand
James Potts
(706) 298-2473

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