Jiffy Lube - Stone Mountain, GA 1247 S Hairston Rd 2,024 SF Retail Building Stone Mountain, GA 30088 $1,590,208 CAD ($785.68 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term 9-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Strong Corporate Guarantee From Shell (NYSE)
- Location Has Easy Access to Loop 285 and Downtown Atlanta (16- Miles)
- 5% Rent Bumps Every Three Years Provide Strong Hedge Against Inflation
- Adjacent to the Crowe’s Crossing Shopping Center Located Along S Hairston Road Which Has a Traffic Count of Over 25,500 VPD
- Stone Mountain Park, Home to the World’s Largest Single Piece of Exposed Granite, is Just 7-Miles Away & is the Most Visited Destination
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,024 SF Jiffy Lube Located at 1247 South Hairston Road in Stone Mountain, GA. This Deal Includes a Long Term 9 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities and 5% Rent Bumps Every Three Years Provide Strong Hedge Against Inflation, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,024 SF
Building Class
C
Year Built
1986
Price
$1,590,208 CAD
Price Per SF
$785.68 CAD
Cap Rate
6.25%
NOI
$99,389 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.78 AC
Zoning
C1, DeKalb County
Parking
25 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
160’ on Hairston Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Jiffy Lube
- Retailer
- 2,024 SF
- $49.11 CAD
- Net
- Sep 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Jiffy Lube | Retailer | 2,024 SF | $49.11 CAD | Net | Sep 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-224-01-161 | Improvements Assessment | $285,596 CAD |
| Land Assessment | $272,644 CAD | Total Assessment | $558,240 CAD |
