For Sale
$1,986,500

4468 Abbotts Bridge RdDuluth, GA 30097

9,603 SF Net Lease, 12.9 Years Left

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9,603-square-foot auto shop in Duluth, Georgia, currently operating at 100% occupancy. The property, built in 1996 and renovated in 2022, sits on a 1.02-acre lot with 9 parking spaces. It's strategically located on Abbotts Bridge Road (Duluth Highway), a high-traffic area with approximately 27,000 vehicles per day, ensuring excellent visibility and accessibility. The property is under a net lease with a credit-rated corporate guarantor, Classic Collision, a company with over 260 locations nationwide and aggressive growth plans. The current lease, commenced September 8, 2022, has a remaining term of 12.9 years, extending to September 30, 2037, with built-in 5% rent bumps every five years. The asking price is $1,986,500, representing a 6.50% cap rate and a net operating income (NOI) of $129,120. The property benefits from its proximity to Classic Collision's Atlanta headquarters and a dense, affluent population with average household incomes exceeding $145,600 within a 10-minute drive. Nearby amenities include major retailers such as Kroger, LA Fitness, Target, Home Depot, Publix, Whole Foods, and Regal Cinemas, along with Duluth High School, John Creek High School, and Northside Hospital Duluth. The lease includes three, five-year renewal options, providing long-term stability and significant upside potential for the investor.

Highlights

  • 13-year net lease with 5% rent increases every five years.
  • Corporate lease with Classic Collision, a national operator with over 260 locations.
  • Classic Collision's Atlanta headquarters is nearby.
  • High visibility and accessibility on Abbotts Bridge Road (Duluth Highway), with 27,000 vehicles per day.
  • Located in a dense, affluent area with average household incomes exceeding $145,600 within a 10-minute radius.
  • Proximity to major retail centers anchored by Kroger, LA Fitness, Target, Home Depot, Publix, Whole Foods, and Regal Cinemas.

Property Details for 4468 Abbotts Bridge Rd

Property type
Retail properties, Auto shops
Square Feet
9,603 SF
Year Built/Renovated
1996/2022
Buildings
1
Lot Size (sq. ft)
44,431 SF
Units
1

Location Insight

City
Duluth
County
Gwinnett
State
Georgia
Latitude
34.0234943
Longitude
-84.1628443
4468 Abbotts Bridge Rd, Duluth, Georgia

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4468 Abbotts Bridge Rd
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