For Sale
$375,000

783 Lakeview DrRossville, GA 30741

High-yield auto shop, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,754 square foot, single-tenant auto repair facility situated on a 0.36-acre lot at 783 Lakeview Dr, Rossville, GA 30741. The property, built in 1950 and renovated in 2015, boasts a Class C rating and is currently operating under a Net Lease (NNN) agreement. The existing lease, with a single tenant, commenced December 1st, 2023, and expires December 31st, 2025, leaving 1.1 years remaining. The current annual Net Operating Income (NOI) stands at $31,200, yielding an attractive 8.32% capitalization rate. The asking price is $375,000, translating to $136.17 per square foot. The property is zoned (C1) Neighborhood Commercial District in Catoosa County, GA, and benefits from a prime location offering convenient access to East Ridge and Ringgold. The tenant is responsible for all property taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. This is a turnkey investment opportunity with a strong tenant history and a high return potential. The property features one building, one story, and is 100% occupied. There are no rent bumps or lease options included in the current agreement. The property is owned by an LLC.

Highlights

  • 8.3% CAP rate, NNN lease in place.
  • Catoosa County, GA, C1 Neighborhood Commercial zoning.
  • Excellent location.

Property Details for 783 Lakeview Dr

Property type
Retail properties, Mixed-use properties
Square Feet
2,754 SF
Class
C
Year Built/Renovated
1950/2015
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF
Units
1

Location Insight

City
Rossville
County
Catoosa
State
Georgia
Latitude
34.980216865909
Longitude
-85.260319430199
783 Lakeview Dr, Rossville, Georgia

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783 Lakeview Dr
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