This exceptional net lease investment opportunity presents a 2,971 square foot freestanding retail building occupied by TitleMax, a prominent national tenant. Located in Forest Park, Georgia, within the Atlanta MSA, this property boasts a strong 6.6% cap rate and a substantial remaining lease term of 13 years, extending to November 30, 2037. The lease commenced December 1, 2007, and includes attractive 2% annual rent increases, ensuring consistent income growth. The property sits on a 0.89-acre lot in a high-traffic area with over 20,200 vehicles passing daily. Its strategic location on a major retail artery provides excellent visibility and accessibility. The surrounding area is densely populated, with a 5-mile radius encompassing over 186,657 residents and an average household income of $57,048. Further enhancing its value, Forest Park has a moratorium on new title lending businesses, creating a high barrier to entry for competitors. The property's proximity to Interstate 75, Interstate 285, and Hartsfield-Jackson International Airport adds to its appeal. Built in 1977, this single-story building is zoned GB and offers a fee-simple ownership structure, making it an ideal 1031 exchange opportunity. The current net operating income (NOI) stands at $52,948, with an asking price of $802,242 and a price per square foot of $270.02. The property is situated near various retail establishments, residential areas, and key amenities, including Clayton State University and Southlake Mall. This investment offers a compelling combination of strong tenant occupancy (100%), a secure lease, and significant growth potential in a thriving market. The property's parcel number is 13110C B014.
Highlights
Rare, small-scale, NNN-leased property in Savannah, GA, with a national tenant and 2% annual rent increases.
Long-term lease with options extending through December 2037, tenant operating since 2007.
High barrier to entry due to a moratorium on new title lending businesses in Forest Park.
Excellent location with over 20,000 vehicles per day and a 5-mile population exceeding 186,000.
Projected 2.12% population growth through 2028.
Strong trade area near major interstates and Hartsfield-Jackson International Airport.
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