For Sale
$3,050,000

169 Business Ctr Dr Toccoa, GA 30577

High-yield NNN lease; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
136
Exceptional investment opportunity: a brand-new, 6,730-square-foot Mavis Discount Tires auto shop in Toccoa, Georgia, is available for sale-leaseback. This property boasts a 20-year absolute NNN lease with a prominent national tenant, Mavis Discount Tires, a leading tire supplier. The lease includes six, five-year renewal options, each with a 5% rental escalation. This translates to a 6.10% cap rate and a substantial net operating income (NOI) of $186,050. Built in 2024, the single-tenant building sits on a one-acre lot with 29 parking spaces. The asking price is $3,050,000, representing a price per square foot of $453.19. The property benefits from strong surrounding demographics, including 2.2 million square feet of retail space, 4.4 million square feet of industrial space, and 8,100 households within a five-mile radius. Its strategic location, 35 miles northeast of Gainesville, GA, in Stephens County (population 26,840), further enhances its appeal. This is a turnkey investment with no landlord responsibilities, offering significant long-term value and passive income potential. The property is offered near development cost, presenting a rare opportunity for investors seeking a secure, high-return investment in a rapidly growing market.

Highlights

  • New 20-year absolute NNN lease with 5% rent escalations every five years; no landlord responsibilities.
  • Mavis Discount Tires, a leading tire supplier, occupies the property.
  • Brand-new, 6,730-square-foot auto shop offered near development cost.
  • Strong demographics: 2.2 MSF retail, 4.4 MSF industrial, and 8,100 households within a 5-mile radius.
  • Located 35 miles northeast of Gainesville, GA, in Stephens County (population 26,840).

Property Details for 169 Business Ctr Dr

Property type
Retail properties, Auto shops
Square Feet
6,730 SF
Year Built
2024
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Toccoa
County
Stephens
State
Georgia
Latitude
34.5714584
Longitude
-83.357567

FAQs

What type of property is this?
Retail property - High-yield NNN lease; strong tenant.
Where is the retail property located?
The property is located at 169 Business Ctr Dr Toccoa, GA.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: New 20-year absolute NNN lease with 5% rent escalations every five years; no landlord responsibilities.; Mavis Discount Tires, a leading tire supplier, occupies the property.; Brand-new, 6,730-square-foot auto shop offered near development cost.
How can I contact the broker?
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169 Business Ctr Dr
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