For Sale
$1,578,973

8725 Tara BlvdJonesboro, GA 30236

8,075 SF Advance Auto Parts, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents an 8,075-square-foot Advance Auto Parts building in Jonesboro, Georgia. The property boasts a strong 6.50% cap rate, generating a substantial net operating income of $102,633.24. A new 10-year lease commenced January 1, 2025, with the same tenant occupying the space since 1996. The lease includes two five-year renewal options, incorporating rent escalations. The building, constructed in 1995 and renovated in 2021 (including a new roof), sits on a 0.805-acre lot at a signalized corner location on Tara Blvd, benefiting from high traffic counts of 44,180 vehicles. The property's Clayton County tax map number is 05242B D011. This is a fee-simple ownership, NNN lease, single-tenant retail investment with significant remaining lease term (11 years) offering exceptional stability and return. The asking price is $1,578,973. This prime retail location, combined with the long-term lease and strong tenant history, makes this an attractive investment opportunity. The property is zoned for retail and auto shop uses.

Highlights

  • 8,075 SF Advance Auto Parts building on a 0.805-acre lot in Jonesboro, GA.
  • NNN lease with 11 years remaining, offering strong passive income.
  • New 10-year lease commencing January 1, 2025, providing lease stability.
  • $102,633.24 annual Net Operating Income (NOI) generating a 6.50% cap rate.
  • Two five-year renewal options with rent escalations built in.
  • Fee simple ownership of this property with the same tenant since 1996.

Property Details for 8725 Tara Blvd

Property type
Retail properties, Retail space
Square Feet
8,075 SF
Year Built/Renovated
1995/2021
Lot Size (sq. ft)
35,066 SF

Location Insight

City
Jonesboro
County
Clayton
State
Georgia
Latitude
33.5171417
Longitude
-84.3642681
8725 Tara Blvd, Jonesboro, Georgia

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8725 Tara Blvd
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