Jiffy Lube | Triple Net (NNN) Lease
$1,071,911
1247 South Hairston Road, Stone Mountain, GA 30088
For Sale
Retail
Free Standing
Active
Last Updated: 06/14/2021
6.06
Cap Rate
65,000
NOI
Details:
Cap Rate: 6.06%
NOI: $65,000
Building Size: 2,024 sqft
Lot Area: 0.78 acres
Lease Type: Triple Net
Price Per Sqft: $529.60
Year Built: 1986
Highlights:
- Long Term 13 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
- With the Rental Increase of $68,250 Starting 10/01/2021, the Cap Rate Will Adjust to 6.37%
- Strong 158+ Unit Franchisee Guarantee
- Adjacent to the Crowe’s Crossing Shopping Center Located Along S Hairston Road Which Has a Traffic Count of Over 25,500 VPD
- Dense Residential Area With a Population of Over 255,149 Residents Making an Average Household Income of $64,788 Within a 5-Mile Radius
- Location Has Easy Access to Loop 285 and Downtown Atlanta (16-Miles) and is Also 20-Miles From Hartsfield-Jackson Atlanta International Airport
- Stone Mountain Park, Home to the World’s Largest Single Piece of Exposed Granite, is Just 7-Miles Away and is the Most Visited Destination in Georgia; The Park Offers Trails, Museums, Scenic Railroad, Laser & Fireworks Shows, Riverboat Cruises, Camping and Much More
- The 1996 Summer Olympic Games’ Tennis, Archery, and Track Cycling Were Held in Stone Mountain Park
- Nearby Tenants Include: Kroger, Wendy’s, Dollar General, Papa John’s, Popeyes, Walgreens, Chevron, BP, Wells Fargo, Pizza Hut, Family Dollar and Zaxby’s
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,024 SF Jiffy Lube at 1247 S Hairston Road in Stone Mountain, GA. This Opportunity Includes a Long Term 13 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374
Documents:
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Offering Memorandum |
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