650 Thornton Rd - Auto Repair FOR SALE


Lithia Springs, GA 30122
$2,737,500 USD
949-506-2009
650 Thornton Rd, Lithia Springs, GA for Sale
$2,737,500 USD
Auto Repair - FOR SALE
1/11
null | 5.75% Cap Rate

650 Thornton Rd
Lithia Springs, GA 30122


HIGHLIGHTS

  • Corporate Guaranteed Lease | Long Term Lease with Options | Strong Performing Store
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • High Traffic Retail Corridor | Ideal Auto Location
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Express Oil Change & Tire Engineers investment property located in Lithia Springs, Georgia. The tenant, Express Oil, Inc has approximately 17 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,737,500 USD

PRICE/SF

$796 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change | Mavis Tire Corp Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

5

APN/PARCEL ID

0423-18-2-0-010

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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