1007 E Oglethorpe Blvd - Auto Dealership FOR SALE


Albany, GA 31705
$870,000 USD
850-567-3211
1007 E Oglethorpe Blvd, Albany, GA for Sale
$870,000 USD
Auto Dealership - FOR SALE
1/4
null | 5.52% Cap Rate

1007 E Oglethorpe Blvd
Albany, GA 31705


OVERVIEW

NNN Drive Time Lease(the biggest company in the retail car business,they have about 200 location over the states) The whole property has been renovated in 2021(about 400k spent on renovation) Lease for 25 years about 21 years left Hot location in the busiest area in town surrounded by all major franchise dealership in Georgia Tenant pays $4000 a month untill April 2026 then 10% increase will apply every 5 years with 0 responsibilities for the land lord($48,000.00 net money to land lord this year then $52,400.00 starting next year) Tenant pays for all repair and replace expense including roofing, electrical, pluming , flooring, structural, HVAC etc............ Tenant pays liability insurance, building insurance and Property Taxes The value of the property after renovation as a vacant property about 1.3 million selling it cheap to liquidate quick cash

FOR SALE DETAILS

PRICE

$870,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

139

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

C3

APN/PARCEL ID

000EE-00043-03A

ASK ABOUT THIS PROPERTY

Bob BeshayBob BeshayMore Info
850-567-3211

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Bob BeshayBob BeshayMore Info
850-567-3211

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