Main Street Auto 808 New Franklin Rd
13,644 SF Retail Building Lagrange, GA 30240 $4,243,575 CAD ($311.02 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 808 New Franklin Road, LaGrange, Georgia 30240. The site consists of roughly 13644 rentable square feet of building space on an estimated 3.8-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/17/2024. The current annual rent is $206,500 and has scheduled increases of 2.00% Annually Starting Year 7.
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
$4,243,575 CAD
Price Per SF
$311.02 CAD
Cap Rate
7%
NOI
$297,050 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.80 AC
Opportunity Zone
Yes
Zoning
023
Frontage
206’ on New Franklin Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 050-2B-005-009 | Improvements Assessment | $254,634 CAD |
| Land Assessment | $305,613 CAD | Total Assessment | $560,247 CAD |
