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361 Newnan Crossing Byp Newnan, GA 30265

Georgia Big Box, Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple interest in an 86,773-square-foot At Home retail property located at 361 Newnan Crossing Bypass in Newnan, Georgia (zip code 30265). The property, built in 2018 and situated on a 7.8-acre lot, is currently 100% occupied under a 15-year absolute NNN lease with a corporate guarantee from At Home, commencing March 25, 2022, and expiring March 31, 2037. This leaves a substantial remaining lease term of approximately 12.4 years. The lease includes four five-year renewal options and features 2% annual rent bumps. The property generates a strong net operating income (NOI) of $1,243,827. The location benefits from a high-income demographic, with average household incomes exceeding $107,000 within a 5-mile radius. The property's visibility is enhanced by its position along a major thoroughfare with high daily traffic volume (8,500 vehicles per day) and its proximity to Ashley Park Center, a shopping destination attracting 4.6 million annual visitors. This offering provides investors with a secure, long-term passive income stream from a national tenant, with minimal landlord responsibilities. The property offers a compelling combination of strong tenant credit, a favorable lease structure, and a prime location in a thriving market.

Highlights

  • High-traffic location directly across from Ashley Park, a shopping center with 4.5 million annual visits.
  • Strong demographics with over $107,000 average household income within a 5-mile radius.
  • Exceptional population growth: 83% increase since 2010 within a 1-mile radius.
  • Prime visibility on Newnan Crossing, a major thoroughfare with 8,500 vehicles per day.
  • Zero landlord responsibilities for the tenant.

Property Details for 361 Newnan Crossing Byp

Property type
Retail properties, Retail space
Square Feet
86,773 SF
Year Built
2018
Buildings
1
Lot Size (sq. ft)
339,768 SF

Location Insight

City
Newnan
County
Coweta
State
Georgia
Latitude
33.387495103017
Longitude
-84.761512811644

FAQs

What type of property is this?
Retail property - Georgia Big Box, Absolute NNN Lease
Where is the retail property located?
The property is located at 361 Newnan Crossing Byp Newnan, GA.
What are key features of this property?
This property features: High-traffic location directly across from Ashley Park, a shopping center with 4.5 million annual visits.; Strong demographics with over $107,000 average household income within a 5-mile radius.; Exceptional population growth: 83% increase since 2010 within a 1-mile radius.
How can I contact the broker?
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361 Newnan Crossing Byp
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