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Main Street Auto 808 New Franklin Rd

13,644 SF Retail Building Lagrange, GA 30240 $3,045,738 ($223/SF) 7.25% Cap Rate

Retail Space Georgia Lagrange 808 New Franklin Rd, Lagrange, GA 30240

Investment Highlights

  • Long-Term, 18.9-Year Absolute Triple Net (NNN) Sale Leaseback
  • Two Percent (2.00%) Rental Increases Occurring Annually Starting Year 7
  • Lease Commenced September 2022

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Main Street Auto located at 808 New Franklin Rd in LaGrange, Georgia. The site consists of roughly 13,644 rentable square feet of building space on estimated 3.80-acre parcel of land. This Main Street Auto is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 1st, 2022. The current annual rent is $220,816 and is scheduled to increase by 2.00% Annually beginning in the seventh year and in each of the 4, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,644 SF
Building Class
C
Year Built
1993
Price
$3,045,738
Price Per SF
$223
Cap Rate
7.25%
NOI
$220,816
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.80 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
023
Frontage
206 FT on New Franklin Road
1 of 1
808 New Franklin Rd, Lagrange, GA - aerial map view

Nearby Major Retailers

ALDI
Waffle House
Planet Fitness
Cook Out
Krystal
Freddy's Frozen Custard & Steakburgers
Buddy's Home Furnishings
Rent-A-Center
Kroger
Publix

PROPERTY TAXES

Parcel Number 050-2B-005-009 Improvements Assessment $176,980
Land Assessment $215,480 Total Assessment $392,460

PROPERTY TAXES

Parcel Number
050-2B-005-009
Land Assessment
$215,480
Improvements Assessment
$176,980
Total Assessment
$392,460
(332) 345-4222

Contacts

  • Listing ID: 33324011

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 808 New Franklin Rd, Lagrange, GA 30240

More public record information on 808 New Franklin Rd, Lagrange, GA 30240

The Retail Property at 808 New Franklin Rd, Lagrange, GA 30240 is currently available for sale. Contact NNN Pro Group for more information.

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808 New Franklin Rd, Lagrange, GA for sale Building Photo- Image 1 of 3
808 New Franklin Rd - LaGrange, GA - Main
808 New Franklin Rd, Lagrange, GA for sale Aerial- Image 2 of 3
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Main Street Auto | 808 New Franklin Rd
(332) 345-4222 x

Main Street Auto | 808 New Franklin Rd

1/5

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(203) 253-9455

(203) 253-9455

Francis Purritano

(332) 345-4311

(332) 345-4311

Howie Curd

(332) 345-4339

(332) 345-4339

Walker Stevens

(332) 345-7742

(332) 345-7742

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