For Sale
$541,000

1027 Hogansville RdLaGrange, GA 30241

High-yield, NNN-leased auto parts store.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple, Class A, 5,000 square-foot auto parts store located at 1027 Hogansville Rd, LaGrange, GA 30241. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $32,483 annually. Currently occupied by a corporate-guaranteed tenant under an absolute triple-net (NNN) lease, this single-tenant building offers significant long-term stability. The lease, with a remaining term of 9.6 years, includes six five-year renewal options, ensuring consistent income well into the future. Built in 1998, the one-story building sits on a 0.73-acre lot and benefits from a prime location in a low-vacancy retail node, surrounded by major retailers and over 1,200 apartment units within a 1.5-mile radius. The tenant, a publicly traded company, has a long operating history at this location and recently extended their lease, demonstrating their commitment to the site. The property's price per square foot is $108.20, and rent bumps are included in the option period. This is a rare opportunity to acquire a low-risk, high-return investment with minimal landlord responsibilities. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The high traffic count on Hogansville Rd (11.4K VPD) further enhances the property's appeal.

Highlights

  • $541,000 asking price for a 5,000 square foot retail property.
  • Absolute NNN lease with a corporate guarantee from Advance Auto Parts, a publicly traded company.
  • 9.6 years remaining on the lease with 6 x 5-year options; rent bumps are in the option period.
  • 6.00% cap rate with a $32,483 NOI; 100% occupancy.
  • Located in LaGrange, GA, at 1027 Hogansville Rd, on a 0.73-acre lot, in a low-vacancy retail area with high traffic counts.

Property Details for 1027 Hogansville Rd

Property type
Retail properties, Retail space
Square Feet
5,000 SF
Class
A
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
31,799 SF

Location Insight

City
LaGrange
County
Troup
State
Georgia
Latitude
33.0497698
Longitude
-85.0101082
1027 Hogansville Rd, LaGrange, Georgia

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1027 Hogansville Rd
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