1445 Express Way - Freestanding FOR SALE


Griffin, GA 30223
$2,100,000 USD
404-812-8925
1445 Express Way, Griffin, GA for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/9
null | 5.85% Cap Rate

1445 Express Way
Griffin, GA 30223


HIGHLIGHTS

  • Leased to Verizon Wireless (Cellco Partnership), a leading national wireless telecommunications provider with an established presence at the property.
  • Current five-year renewal term through October 31, 2029, providing contractual income visibility to the investor.
  • NNN lease structure with no landlord responsibilities
  • Approximately 1.10-acre site located along N. Expressway in Griffin, Georgia.
  • Located along N. Expressway near Walmart and other established retailers, benefiting from a well-developed commercial trade area.
  • Established commercial location serving the Griffin market and surrounding communities, providing a stable setting for a national wireless tenant.

OVERVIEW

This investment offering presents the opportunity to acquire a Verizon Wireless leased property located at 1445 N. Expressway in Griffin, Georgia. The property encompasses approximately 1.10 acres and is leased to Verizon Wireless under the Fourth Renewal Term, which commenced November 1, 2024 and extends through October 31, 2029. The lease provides current annual base rent of $122,899.44, or $10,241.62 per month. The NNN lease structure places significant property-related obligations on the Tenant, including required insurance premiums and other expenses assigned under the Lease, providing an investor with a relatively passive income profile. The Fourth Amendment also confirms the continuation of the existing lease provisions except where specifically modified.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

PCD

APN/PARCEL ID

066-01-044

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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