For Sale
$1,200,000

1662 Ga-138 Conyers, GA 30013

High-traffic GA retail, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 7,800-square-foot retail property located at 1662 GA-138 in Conyers, Georgia (30013), within Rockdale County. The property, built in 1984, is a single-story building situated on a C2-zoned lot and features 14 parking spaces. Currently occupied by a credit-rated AAMCO Transmissions under a modified lease with rent bumps, offering immediate income generation. The lease commenced May 1, 2023, and expires December 31, 2027, leaving a remaining term of approximately 3.1 years. The asking price is $1,200,000, translating to $153.85 per square foot. The property boasts 100% occupancy across its two units. This prime location on a busy Metro Atlanta street ensures high visibility and traffic. The property's strong tenant history and high traffic count make it an attractive investment. Note that an adjacent property at 1672 Hwy. 138 NE is also available for sale, offering the potential for a larger acquisition. The land value is estimated at $153-$154 per square foot. This is a turnkey opportunity for investors seeking immediate returns or businesses looking to expand their operations. The property is owned by Hwy 138 Rental Properties, LLC. APN: 0690010089.

Highlights

  • High-yield investment opportunity on a major Metro Atlanta thoroughfare.
  • Successful automotive repair business currently operating.
  • Excellent visibility due to high traffic counts.
  • Secure on-site parking available.
  • Prime location; adjacent property (1672 Hwy. 138 NE) also available for sale (individually or as a portfolio).
  • Existing tenant provides immediate cash flow; potential for owner-user expansion.

Property Details for 1662 Ga-138

Property type
Retail properties, Auto shops
Square Feet
7,800 SF
Year Built
1984
Buildings
1
Stories
1
Units
2

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.665159
Longitude
-83.9939763

FAQs

What type of property is this?
Retail property - High-traffic GA retail, strong tenant.
Where is the retail property located?
The property is located at 1662 Ga-138 Conyers, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High-yield investment opportunity on a major Metro Atlanta thoroughfare.; Successful automotive repair business currently operating.; Excellent visibility due to high traffic counts.
How can I contact the broker?
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1662 Ga-138
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