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True Automotive Decatur (NNN Investment) 257 Dekalb Industrial Way

19,350 SF Industrial Building Decatur, GA 30030 $3,877,572 ($200/SF) 7% Cap Rate

Investment Highlights

  • Single tenant / ±19,350 SF freestanding auto repair building, strategically located on Dekalb Industrial Way in Decatur, GA
  • Absolute NNN Lease / Corporate Guaranty
  • Four 5-year options to extend at 10% increases
  • This facility underwent significant interior renovations in 2024 of approximately $250,000 in cost
  • 15 Year Initial Lease Term
  • Occupied by TRUE Automotive, an upscale and rapidly expanding auto repair brand under the SimplyTrue Automotive Group umbrella

Executive Summary

Rise Property Group is pleased to bring True Automotive Decatur to market for sale. This exceptional investment opportunity features a single-tenant, ±19,350 SF freestanding auto repair building, strategically located on Dekalb Industrial Way in Decatur, GA. The property spans approximately 1.69 acres and boasts a reliable, income-producing tenant. The property has ±40 parking spaces and produces an NOI of $271,430. 10% of the property is subleased for $42,000 annually with no front access. Recent improvements include a comprehensive renovation totaling $250,000, covering both aesthetic enhancements and critical system upgrades. Key improvements include renovating the lobby, ensuring a turnkey investment opportunity for any buyer or investor.
Attractive Income-Producing Opportunity: TRUE Automotive operates under a corporate- guaranteed, Triple Net (NNN) lease, with the tenant responsible for all property expenses. The lease features an initial 15-year term with 10% rent escalations every five years, and multiple 5-year renewal options with the same 10% escalations. These provisions are ideal for investors seeking to hedge against inflation and future holding costs.

Property Facts

Price $3,877,572
Price Per SF $200
Sale Type Investment NNN
Cap Rate 7%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • General Retail Service Station
Building Class C
Lot Size 1.69 AC
Rentable Building Area 19,350 SF
No. Stories 1
Year Built/Renovated 1958/2024
Tenancy Single
Parking Ratio 2.07/1,000 SF
Clear Ceiling Height 14 FT
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-008-04-006
Land Assessment
$109,827
Improvements Assessment
$674,653
Total Assessment
$784,480

zoning

Zoning Code M-1 (Light Industrial)
M-1 (Light Industrial)
  • Listing ID: 33323337

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 257 Dekalb Industrial Way, Decatur, GA 30030

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