2590 Lawrenceville Hwy - Auto Repair FOR SALE


Lawrenceville, GA 30044
$2,017,538 USD
678-613-7327
2590 Lawrenceville Hwy, Lawrenceville, GA for Sale
$2,017,538 USD
Auto Repair - FOR SALE
1/10
null | 6.5% Cap Rate

2590 Lawrenceville Hwy
Lawrenceville, GA 30044


HIGHLIGHTS

  • Great entry price point for 1031 Exchange Buyers
  • Located in high density and growing Gwinnett County GA location
  • Continued operations at this location for over 12 years
  • Tenant initiated the 10-year NN lease extension with four 5-year renewal options and periodic rent increases
  • Prominent Atlanta MSA submarket with traffic counts of over 27K VPD and five-mile population of over 250,000
  • Strong corporate guarantor Caliber Collision, the largest collision repair company in the U.S. with over 1,800 locations

OVERVIEW

This rare Caliber Collision offering has one of the lowest investor entry price points on the market for this Tenant. This Lawrenceville, GA (Atlanta MSA) Caliber location has been operating here since 2014. The Tenant recently requested a 10 year lease extension and doubled their footprint. They expanded to a second building for a total of ±15,250 SF on this ±1.5-acre site and completed all the desired tenant improvements at their expense. Area demographics are outstanding and growing! Traffic counts exceed 27,000 VPD at this busy four lane Lawrenceville, GA (Atlanta MSA) location. The 5-mile population is over 250,000 with an average household income of $99,466. The 10-year NN lease is offered at a 6.5% cap rate with four 5-year renewal options and rent increases of 5% in Year 6 of the extended term and 2% annually during the renewal periods. Landlord responsibilities are limited to roof, structure, and parking lot. The Tenant is responsible for reimbursement of all taxes and insurance as well as other maintenance, utilities, and grounds care. This lease is corporately guaranteed by Caliber Collision, the largest collision repair service in the U.S. with over 1,800 locations nationwide.

FOR SALE DETAILS

PRICE

$2,017,538 USD

PRICE/SF

$132 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net Lease Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C2

APN/PARCEL ID

5-018-043B

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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