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

Waffle House
Planet Fitness
Cook Out
Krystal
Freddy's Frozen Custard & Steakburgers
Buddy's Home Furnishings
Rent-A-Center
Kroger
Publix
Food Depot

PROPERTY TAXES

  • Listing ID: 35135221

  • Date on Market: 2025-03-14

  • Last Updated:

  • Address: 808 New Franklin Rd, Lagrange, GA 30240