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Net Lease Investment Opportunity | TitleMax 5970 Old Dixie Hwy
2,971 SF Retail Building Forest Park, GA 30297 $802,242 ($270/SF) 6.73% Cap Rate
Investment Highlights
- Rare “bite-size” NNN national tenant based in Savannah, GA with 2% annual rent increases!
- Traffic counts more than 20K VPD and five-mile population over 186,000
- Vibrant trade area close to major interstates and Hartsfield-Jackson International Airport
- Operating at this location since 2007 with lease and options through December 2037
- Projected population growth through 2028 of 2.12%
Executive Summary
The ±2,971 SF store is located on a ±0.89-acre site on a major retail artery with traffic counts of 20,200 VPD. This densely populated area has a 5-mile population of 186,657 with an average household income of $57,048. Growth projections continue at 2.12% through 2028.
Forest Park, located in Clayton County, GA, the southern portion of the Atlanta MSA, is less than 10 minutes from Atlanta’s Hartsfield-Jackson International Airport. The site is half a mile north of Interstate 75 and 3.2 miles south of Interstate 285. The immediate area has many retail establishments, residential neighborhoods & apartments, churches, Public Storage, a Travelodge and a Super 8 Motel. Clayton State University, Southlake Mall and Southern Regional Medical Center are all within 5 miles of the property.
TitleMax, opened its first location in 1998 and now has over 900 locations in 14 states. It is one of the largest title lending companies in the U.S. and fully guarantees this lease.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 2,971 SF
- $17.82
- Triple Net
- Nov 2037
TitleMax is one of the nation’s largest title lending companies. Every day, TitleMax helps thousands of people get the cash they need with a title loan, title pawn or now in select states, with a personal loan. TitleMax offers rates that are very competitive, while providing a superior level of customer service. Since the first store’s opening in 1998 in Georgia, TitleMax has expanded to more than 1,000 locations spanning 15 states. With more than 2,000 team members nationwide, TitleMax prides itself on providing customers with clarity and confidence. You’ll rest easy knowing that TitleMax is here to help.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 2,971 SF | $17.82 | Triple Net | Nov 2037 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 13-0110C-00B-014 | Improvements Assessment | $90,800 |
| Land Assessment | $44,000 | Total Assessment | $134,800 |
PROPERTY TAXES
Presented by
Net Lease Investment Opportunity | TitleMax | 5970 Old Dixie Hwy
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