5575 Frontage Rd - Service FOR SALE


Forest Park, GA 30297
$7,061,000 USD
516-428-6050
5575 Frontage Rd, Forest Park, GA for Sale
$7,061,000 USD
Service - FOR SALE
1/10
null | 6.6% Cap Rate

5575 Frontage Rd
Forest Park, GA 30297


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire the Lyft Service Center in Forest Park (Atlanta MSA), GA (the "Property")—a freestanding ±25,537 SF industrial/flex building situated on 2.07 acres. Positioned less than two miles from Hartsfield-Jackson Atlanta International Airport—the world's busiest airport with 108MM+ passengers annually—the Property benefits from exceptional visibility and frontage along I-75, which experiences 207,000+ VPD. Lyft has demonstrated a strong commitment to this location, recently renewing its lease for an additional 5 years, underscoring the Property's operational importance within Lyft's network and the site's strong performance. The lease features 3% annual rent escalations and minimal landlord responsibilities, providing investors with stable, inflation-hedged cash flow. This offering represents a rare opportunity to acquire mission-critical real estate in a high-barriers-to-entry submarket within immediate proximity to Hartsfield-Jackson Atlanta International Airport. The location benefits from robust demand drivers, significant logistical synergies, and a deep roster of industrial, logistics, and transportation-oriented tenants seeking proximity to the airport corridor. Mission Critical Location - This facility serves as a hub for Lyft's driver operations across the greater ATL MSA, providing essential services to support its fleet in proximity to ATL Airport (the nation's busiest airport with 108MM+ annual passengers) Secure + Steady Income Stream - Backed by Lyft, Inc. (NASDAQ: LYFT), a publicly traded national operator, the Property provides investors with a secure and reliable income stream, minimal landlord responsibilities, and a proven tenant with a demonstrated, long-term commitment to the location Robust RE Fundamentals - Positioned within an infill industrial corridor less than 2 miles from the ATL Airport, the Property is situated in a high-demand, supply-constrained submarket where limited land creates significant barriers to entry for tenants and operators seeking airport adjacency Surrounding Market Synergies - Benefits from a highly synergistic industrial and logistics corridor, with notable neighboring tenants including JC Penney Logistics Center (2MM+ SF), Georgia DOT, Del Monte, Georgia Power, The Clorox Company, DHL, and several other prominent operators

FOR SALE DETAILS

PRICE

$7,061,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lyft (NASDAQ: LYFT) Service Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

9

DRIVE INS

4

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.08

LAND SF

90,605

ZONING

HI

APN/PARCEL ID

13-00084-085-007

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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