For Sale
$683,333

125 Elbert StElberton, GA 30635

High-yield TitleMax storefront, GA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,876 square foot storefront located at 125 Elbert Street, Elberton, Georgia 30635. The property, built in 1977, is currently leased to TitleMax under a Net Lease (NNN) agreement with a corporate guarantee. The lease commenced August 14, 2007, and has a remaining term of approximately 12.7 years, expiring August 14, 2037. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The asking price is $683,333, representing a price per square foot of $237.60 and a compelling 6.75% cap rate. The property generates a Net Operating Income (NOI) of $46,125. This strategically located storefront sits on a highly visible corner at a lighted intersection, benefiting from its position on the main retail thoroughfare alongside other national tenants and convenient access to heavily traveled College Avenue. The property offers strong investment fundamentals, including an absolute NNN lease structure, a high yield, and built-in rent increases. This is a prime opportunity for investors seeking a stable, high-return investment in a desirable location.

Highlights

  • $683,333 asking price for a 2,876 SF net-leased storefront.
  • 6.75% cap rate with a $46,125 NOI.
  • NNN lease with TitleMax, a corporate guaranteed tenant, with 12.7 years remaining on a 30-year lease, including 2% annual rent bumps.
  • Located on a hard corner, high-traffic intersection in Elberton, GA, on the main retail thoroughfare.

Property Details for 125 Elbert St

Property type
Retail properties, Retail space
Square Feet
2,876 SF
Year Built
1977

Location Insight

City
Elberton
County
Elbert
State
Georgia
Latitude
34.1103078
Longitude
-82.8645881
125 Elbert St, Elberton, Georgia

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125 Elbert St
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