For Sale
$1,146,600

1247 Hairston Rd Stone Mountain, GA 30083

Stone Mountain, GA: High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 2,024 square foot Jiffy Lube located at 1247 South Hairston Road in Stone Mountain, Georgia. The property boasts a strong 9-year triple-net (NNN) lease with a corporate guarantee from Shell (NYSE), ensuring minimal landlord responsibilities and a stable income stream. The lease features 5% rent bumps every three years, providing a hedge against inflation. The building, constructed in 1986, sits on a 0.78-acre lot and enjoys 100% occupancy, generating a Net Operating Income (NOI) of $71,663 and a 6.25% cap rate. The asking price is $1,146,600, translating to $566.50 per square foot. This prime retail location is situated adjacent to Crowe's Crossing Shopping Center, a high-traffic area with over 25,500 vehicles per day. Its convenient access to Loop 285, Downtown Atlanta (16 miles), and Hartsfield-Jackson Atlanta International Airport (20 miles) further enhances its appeal. The property benefits from its proximity to Stone Mountain Park, Georgia's most visited attraction. Nearby businesses include Kroger, Wendy's, Dollar General, and several other national chains. The lease has three 5-year renewal options, extending the investment potential well into the future. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with significant upside potential.

Highlights

  • 9-year triple-net (NNN) lease with zero landlord responsibilities.
  • 5% rent increases every three years, providing inflation protection.
  • Strong corporate guarantee from Shell (NYSE).
  • Located near Crowe's Crossing Shopping Center, high traffic area (25,500+ VPD).
  • Excellent access to Loop 285, Downtown Atlanta (16 miles), and Hartsfield-Jackson Atlanta International Airport (20 miles).
  • Near Stone Mountain Park, Georgia's most visited attraction.

Property Details for 1247 Hairston Rd

Property type
Retail properties, Retail space
Square Feet
2,024 SF
Year Built
1986
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Stone Mountain
County
Dekalb
State
Georgia
Latitude
33.7994803
Longitude
-84.1909841

FAQs

What type of property is this?
Retail property - Stone Mountain, GA: High-Traffic Location
Where is the retail property located?
The property is located at 1247 Hairston Rd Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,146,600.
What are key features of this property?
This property features: 9-year triple-net (NNN) lease with zero landlord responsibilities.; 5% rent increases every three years, providing inflation protection.; Strong corporate guarantee from Shell (NYSE).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1247 Hairston Rd
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