1665 Highway 138 SE - Auto Repair FOR SALE


Conyers, GA 30013
$1,450,000 USD
404-812-8925
1665 Highway 138 SE, Conyers, GA for Sale
$1,450,000 USD
Auto Repair - FOR SALE
1/11
null | 5.75% Cap Rate

1665 Highway 138 SE
Conyers, GA 30013


HIGHLIGHTS

  • Single-tenant Discount Tire location leased to Halle Properties, L.L.C., providing long-term occupancy by an established automotive service tenant
  • Absolute NNN lease structure with the tenant responsible for taxes, insurance, utilities, maintenance, repairs, and replacements
  • Long-term lease in place through October 31, 2031
  • Six additional 5-year renewal options, with 5% increases each option, providing the potential for long-term tenancy beyond the initial lease term
  • Major retail corridor with 45,000 cars passing per day.
  • Nearby retail tenants include Kroger, Publix, Target, LA Fitness, Sprouts, and many more.

OVERVIEW

This investment opportunity consists of a single-tenant Discount Tire property located at 1665 Highway 138 in Conyers, Georgia. The property is leased to Halle Properties, L.L.C., for the operation of a Discount Tire/America’s Tire store. The lease commenced on October 13, 2011 through October 31, 2031, providing investors with long-term income from an established tenant. The lease is structured as an absolute NNN lease, which provides a passive ownership opportunity with limited landlord obligations and reduced exposure to operating expenses. Conyers, Georgia is located approximately 24 miles east of downtown Atlanta on I-20, and serves as a growing suburban community within the Atlanta metropolitan area. The property is positioned along Highway 138, with 45,000 cars passing per day. The nearby trade area includes Publix, Kroger, Sprouts, Target, LA Fitness and many other national retailers.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,660 SF

ZONING

BN

APN/PARCEL ID

075-0-01-0102

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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