3632 Satellite Blvd - Auto Repair FOR SALE


Duluth, GA 30096- Downtown Duluth
$2,000,000 USD
770-209-1700
3632 Satellite Blvd, Duluth, GA for Sale
$2,000,000 USD
Auto Repair - FOR SALE
1/15
null | 6% Cap Rate

3632 Satellite Blvd
Duluth, GA 30096
Downtown Duluth


HIGHLIGHTS

  • 4,166 SF 8 bay auto repair n 0.57 acres zoned C-2 Gwinnett County
  • 5 year NNN Lease through 10/31/2029
  • 10 year old business with metro 9 locations / Full service auto repair and tire sales
  • Staffed with bilingual ASE-certified technicians / Direct to consumer and fleet servicing
  • High visibility site with 20,500+ daily traffic count
  • Minutes to Interstate 85 extending trade area / $91,500 + avg HH income 259,000+ 5 mile population

OVERVIEW

For sale is an absolute net leased investment with term through October 31, 2029. The NNN lease has fixed annual rent of $120,000. The lease has one option to renew for 5 years with a 2% fixed rent increase. The 4,166 SF+- eight bay auto repair building was originally built for Midas in 1986 on 0.57 acres and is zoned C-2 in (Gwinnett County jurisdiction). The site is highly visible on Satellite Boulevard with a 20,500 daily traffic count. The location is in the heart of 7.2 million square foot heavily retailed corridor with excellent access to Interstate 85 in rapidly growing Gwinnett County of northeast metro Atlanta. The City of Duluth is one of the fastest-growing communities in Georgia with 259,000+ population in a 5 mile radius and 16.64% growth between 2010-2020. The tenant, D and C Tires Auto Service is a ten year old business with nine metro Atlanta locations. The business is a nine location full service auto repair and tire sales providing tire sales and repairs direct to vehicle owners and as well as fleet servicing for businesses, plus high margin after-market upgrades. The bilingual ASE-certified repair staff serve a county with the highest concentration of Hispanic and Asian communities in the metro area.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$485 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midas Auto Service

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C2

APN/PARCEL ID

6-231-019

ASK ABOUT THIS PROPERTY

Matthew LevinSVN Interstate BrokersMore Info
770-209-1700

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Matthew LevinSVN Interstate BrokersMore Info
770-209-1700

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