12940 GA-9 - Auto Repair FOR SALE
Alpharetta, GA 30004 |
$3,097,345 USD
214-692-2847
12940 GA-9
Alpharetta, GA 30004
HIGHLIGHTS
- BRAND NEW GUARANTEED LEASE - In 2024, the property was fully converted from a Goodyear Tire to a newly renovated Safelite AutoGlass under an 11-year
- SIGNIFICANT CAPITAL IMPROVEMENTS - Both landlord and tenant have invested in a new roof, interior HVAC, and other minor CapEx items.
- PASSIVE INVESTMENT - The tenant reimburses monthly for Operating Expenses—including taxes, insurance, maintenance, and management fees (up to 4%)—mak
- PREMIUM RENT INCREASES - While retail rent escalations typically max out at 10% every 5 years or 2% annually, this lease offers 15% every five years,
- PRIME RETAIL CORRIDOR - Located within a high-traffic retail hub surrounded by Costco, Target, Walmart Supercenter, Kroger, The Home Depot, Lowe’s, an
- AFFLUENT ATLANTA SUBMARKET - Alpharetta and its surrounding neighborhoods rank among Atlanta’s most affluent and desirable submarkets, anchored by mul
FOR SALE DETAILS
PRICE
$3,097,345 USD
PRICE/SF
$391 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SAFELITE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
C2C
APN/PARCEL ID
22-5270-1048-037-0
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214-692-2847
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214-692-2847
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