For Sale
$1,200,000

1127 Chattanooga StLaFayette, GA 30728

16,000 SF, 6.18% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, 16,000-square-foot industrial property located at 1127 S Chattanooga St, LaFayette, GA 30728. The property, situated on a 2.7-acre lot and zoned I2, features one single-story building with three dock-high doors and ceiling heights ranging from 18 to 22 feet. Originally constructed in 1975 and extensively renovated in 2024, the property boasts a 100% occupancy rate with a credit-rated tenant under a triple-net (NNN) lease. The current lease, commencing April 1, 2024, and expiring April 1, 2031, includes a 7-year term with a 3% annual rent increase. The asking price is $1,200,000, representing a compelling $75 per square foot and a 6.18% capitalization rate. The property's strong tenant, a significant annual net operating income (NOI) of $74,160, and the long-term lease provide exceptional stability and potential for future growth. This is a rare opportunity to acquire a high-quality, fully leased industrial asset in a desirable location with a proven track record of success. The property's recent renovation ensures modern functionality and efficiency, making it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The property's location in Walker County, Georgia, offers convenient access to major transportation routes and a thriving industrial market.

Highlights

  • $1,200,000 asking price for a 16,000 SF industrial property in LaFayette, GA.
  • 6.18% cap rate with a $74,160 NOI.
  • Fully leased to a credit-rated tenant (General Electric) on a NNN lease with 6.4 years remaining.
  • Recently renovated (2024) 1-story building with 3 dock-high doors and 18'-22' ceiling heights.
  • Located on a 2.7-acre lot with I2 zoning.

Property Details for 1127 Chattanooga St

Property type
Warehouses, Industrial properties
Square Feet
16,000 SF
Year Built/Renovated
1975/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
117,612 SF

Location Insight

City
LaFayette
County
Walker
State
Georgia
Latitude
34.6907628
Longitude
-85.2970595
1127 Chattanooga St, LaFayette, Georgia

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1127 Chattanooga St
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