For Sale
$1,668,000

3759 Martinez BlvdMartinez, GA 30907

Absolute NNN Lease, High NOI, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in a 7,200 square foot MAACO auto repair facility located at 3759 Martinez Blvd, Augusta, GA 30907. The property sits on a 0.99-acre lot in a prime retail corridor, boasting high visibility and convenient access to major roadways, including I-20 and I-520. The building, constructed in 1992, is currently 100% occupied under a single-tenant, absolute NNN lease with MAACO, a subsidiary of Driven Brands (NASDAQ: DRVN). The lease commenced December 11, 2019, and has a remaining term of 12.7 years, with three 5-year renewal options. Annual rent increases of 1.4% provide inflation protection. The property generates a strong NOI of $112,559 (pro-forma NOI: $114,135), resulting in a 6.75% cap rate (pro-forma 6.84%). The location benefits from high traffic counts on nearby major roads and proximity to numerous car dealerships, national retailers, and residential communities. Its close proximity (3.7 miles) to the Augusta National Golf Course, home of the Masters Tournament, further enhances its desirability. The Augusta MSA boasts over 629,000 residents, with a significant population and high average household income within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential. The property's permitted zoning is commercial.

Property Details for 3759 Martinez Blvd

Property type
Retail properties, Auto shops
Square Feet
7,200 SF
Year Built
1992
Buildings
1
Lot Size (sq. ft)
43,124 SF
Units
1

Location Insight

City
Martinez
County
Columbia
State
Georgia
Latitude
33.516593267362
Longitude
-82.078531068196
3759 Martinez Blvd, Martinez, Georgia

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3759 Martinez Blvd
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