118 S Morningside Dr - Auto Repair FOR SALE


Cartersville, GA 30121
$3,948,720 USD
904-535-4927
118 S Morningside Dr, Cartersville, GA for Sale
$3,948,720 USD
Auto Repair - FOR SALE
1/6
null | 6.25% Cap Rate

118 S Morningside Dr
Cartersville, GA 30121


HIGHLIGHTS

  • Brand-New Lease
  • Attractive Rent Increases
  • Low Rent Per SF & Sold Real Estate Fundamentals
  • Strong Tenant
  • Minimal Landlord Responsibilities
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single tenant Caliber Collision investment property located at 118 Morningside Drive and 13 & 17 Forest Lane in Cartersville, Georgia (the “Property”). The Property consists of a 23,844 square foot building on 2.87 acres of land, comprised of three adjacent parcels. Caliber Collision uses 13 & 17 Forrest Lane for additional vehicle parking and vehicle storage. The building was constructed in 2018 with Caliber Collision beginning a brand-new, 10-year lease in December 2021. There are currently over 5 years of term remaining on the Modified NN Lease followed by two (2), 5-year renewal options. The lease features attractive 2% annual rental increases throughout the primary lease term and the option periods. The Property is situated on Morningside Drive, which runs directly next to US Route 41, the area’s primary commercial and commuter corridor. Morningside Drive has access to US Route 41 immediately in front of the Property, which benefits from excellent frontage and visibility on both roadways, as well as three total points of entry. Caliber Collision is positioned within Cartersville’s primary retail trade area, with numerous shopping centers, grocers, and national retailers in the vicinity that drive consumer traffic. The Property is just half a mile from downtown Cartersville and is a short drive to Interstate 75, which along with US Route 41 leads directly to Atlanta. Cartersville is in the northwestern edge of the Atlanta MSA, approximately 35 miles from Downtown Atlanta.

FOR SALE DETAILS

PRICE

$3,948,720 USD

PRICE/SF

$166 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

C3

APN/PARCEL ID

C006-0001-022

ASK ABOUT THIS PROPERTY

Riley HarderHorvath & TremblayMore Info
904-535-4927

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Riley HarderHorvath & TremblayMore Info
904-535-4927

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