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Main Street Auto 905 Hamilton Blvd

5,696 SF Retail Building Griffin, GA 30223 $1,897,034 ($333/SF) 7.25% Cap Rate

Retail Space Georgia Griffin 905 Hamilton Blvd, Griffin, GA 30223

Investment Highlights

  • Long-Term, 18.9-Year Absolute Triple Net (NNN) Lease
  • Two Percent (2.00%) Rental Increases Occurring Annually Starting Year 7
  • Lease Commenced September 2022
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Main Street Auto located at 905 Hamilton Blvd in Griffin, Georgia. The site consists of roughly 5,696 rentable square feet of building space on estimated 1.44-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 $137,535 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
5,696 SF
Building Class
C
Year Built
2001
Price
$1,897,034
Price Per SF
$333
Cap Rate
7.25%
NOI
$137,535
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.44 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
C-1
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PROPERTY TAXES

Parcel Number 020A-02-011 Improvements Assessment $120,194
Land Assessment $30,000 Total Assessment $150,194

PROPERTY TAXES

Parcel Number
020A-02-011
Land Assessment
$30,000
Improvements Assessment
$120,194
Total Assessment
$150,194
(332) 345-4222

Contacts

  • Listing ID: 33324085

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 905 Hamilton Blvd, Griffin, GA 30223

More public record information on 905 Hamilton Blvd, Griffin, GA 30223

The Retail Property at 905 Hamilton Blvd, Griffin, GA 30223 is currently available for sale. Contact NNN Pro Group for more information.

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Main Street Auto | 905 Hamilton Blvd
(332) 345-4222 x

Main Street Auto | 905 Hamilton Blvd

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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