Main Street Auto 905 Hamilton Blvd 5,000 SF Retail Building Griffin, GA 30223 $1,842,857 ($368.57/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rental Increases
- Strong Automotive Industry Growth
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 905 Hamilton Boulevard, Griffin, Georgia 30223. The site consists of roughly 5000 rentable square feet of building space on an estimated 1.42-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/17/2024. The current annual rent is $129,000 and has scheduled increases of 2.00% Annually Starting Year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,000 SF
Building Class
C
Year Built
2001
Price
$1,842,857
Price Per SF
$368.57
Cap Rate
7%
NOI
$129,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.42 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Parking
5 Spaces (1 Space per 1,000 SF Leased)
Frontage
93’ on Memorial Drive
PROPERTY TAXES
| Parcel Number | 020A-02-011 | Improvements Assessment | $132,596 |
| Land Assessment | $36,000 | Total Assessment | $168,596 |
