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1109 Goldsmith Rd
Stone Mountain, GA 30083

TitleMax · Retail Property For Sale

Investment Highlights

  • Absolute NNN Lease | 5 Years Remaining | Zero Landlord Responsibilities
  • 2% Annual Rental Rate Increases | 29,702 Cars Per Day on Memorial Road
  • 4 Miles From Stone Mountain Park - Most Popular Attraction in GA Seeing 4M+ Annual Visitors
  • Atlanta MSA | 17 Miles From Downtown ATL | Five Mile Population 214,569 | Expected 5.41% Growth
  • Five Mile Population 214,569 | Expected 5.41% Growth

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
4,585 SF
Building Class
C
Year Built
1975
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.90 AC
Zoning
C2
Parking
5 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
190 FT on Central Dr

About 1109 Goldsmith Rd , Stone Mountain, GA 30083

Fortis Net Lease is pleased to present this 4,585 SF TitleMax store located in Stone Mountain, Georgia. The property is encumbered with a Ten (10) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease provides for 2% annual rental rate increases, including any option period. This store is located down the road from Georgia's most popular tourist attraction, Stone Mountain Park, which brings in over 4 Million visitors annually. The store is currently open with rent having commenced on 7/1/2014. This TitleMax is highly visible and is strategically positioned on the corner of Goldsmith Road and Memorial Drive seeing 29,702 cars per day. The five mile population from the site is 214,569 while the three mile average household income is $61,047 per year, making this location ideal for a TitleMax. This area is experiencing great growth with the one mile population growth rate at 5.33%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. List price reflects a 6.75% cap rate based on NOI of $47,298.82. Instate Broker of Record: Marc Blumberg | Palmetto Partners, Inc. | License # H-14936

PROPERTY TAXES

  • Listing ID: 19031617

  • Date on Market: 3/27/2020

  • Last Updated:

  • Address: 1109 Goldsmith Rd, Stone Mountain, GA 30083