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8725 Tara Blvd

8,075 SF Retail Building Jonesboro, GA 30236 $1,466,190 ($181.57/SF) 7% Cap Rate

EXECUTIVE SUMMARY

PROPERTY DETAILS:
NNN Investment Opportunity
Sales Price: $1,466,190 on a 7% Cap
$102,633.24 NOI
+/- 8,075 SF Advance Auto Parts
Long-Term NNN Lease with 11 Years Remaining
Tenant Signed New 10 Year Lease Agreement Beginning Jan. 1, 2025
2- Five Year Options to Renew with Escalations
Same Tenant Since 1996
New Roof Installed in March 2021
Located on a Corner at a Traffic Light
Traffic Count: 44,180 VPD
Clayton County Tax Map#: 05242B D011
Tenant Signed New 10 Year Lease.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,075 SF
Building Class
B
Year Built
1995
Price
$1,466,190
Price Per SF
$181.57
Cap Rate
7%
NOI
$102,633
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.80 AC
Zoning
GB - General business
Parking
20 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
229’ on Flint River Rd

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign

NEARBY MAJOR RETAILERS

Wayfield
Waffle House
Golden Corral Buffet & Grill
Rent-A-Center
Truist Mortgage
Lidl

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-0242B-00D-011
Land Assessment
$139,400
Improvements Assessment
$205,520
Total Assessment
$344,920
  • Listing ID: 30005303

  • Date on Market: 11/8/2023

  • Last Updated:

  • Address: 8725 Tara Blvd, Jonesboro, GA 30236

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