41 Bullsboro Dr - Freestanding FOR SALE


Newnan, GA 30263- Downtown Newnan
$1,216,000 USD
332-345-4222
41 Bullsboro Dr, Newnan, GA for Sale
$1,216,000 USD
Freestanding - FOR SALE
1/2
null | 7.5% Cap Rate

41 Bullsboro Dr
Newnan, GA 30263
Downtown Newnan


HIGHLIGHTS

  • Extremely Long Operating History
  • Recession Resistant Business Due to Non Discretionary Nature of Services
  • Strong Traffic Count and Frontage
  • Corporate Guarantee from Advance Stores Company Inc.

OVERVIEW

Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 41 Bullsboro Drive, Newnan, GA 30263. The site consists of roughly 8,075 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Advance Auto Parts is subject to a 10 Years-year Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $91,200 and has scheduled increases of 6.25% in next option period.

FOR SALE DETAILS

PRICE

$1,216,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

1

APN/PARCEL ID

N34-0001-024

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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