For Sale
$1,404,878

785 Lanier AveFayetteville, GA 30214

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in a 2,800 square foot Grease Monkey auto shop located at 785 E Lanier Ave, Fayetteville, GA 30214. The property sits on a 0.7-acre lot and boasts a 6.15% cap rate with a strong NOI of $86,400. The single-tenant, triple-net (NNN) lease with Grease Monkey International, LLC has a remaining term of 9.7 years, expiring July 31, 2034, and includes two 5-year renewal options. Rent increases of 2% are built in after year 3, 6, and 8. The building, constructed in 1994, benefits from recent upgrades including new paint, signage, and parking lot improvements. This prime retail location is situated along Lanier Avenue, a high-traffic artery with approximately 26,000 vehicles daily, and is less than a mile from downtown Fayetteville. Fayette County is one of the fastest-growing counties in the United States, ensuring a robust and expanding market for automotive services. The property's location within the Atlanta MSA further enhances its investment appeal. This offering provides a secure, long-term investment with built-in rent growth, making it an attractive opportunity for discerning investors. The landlord is responsible only for roof and structure maintenance.

Highlights

  • Grease Monkey is investing in property upgrades including new paint, signage, and parking lot.
  • Prime retail opportunity in the Atlanta MSA, a high-growth area.
  • Strategically located on Lanier Avenue, near Fayetteville, GA, with high daily traffic counts and nearby residential areas.
  • NNN lease with Grease Monkey, featuring 10+ years remaining, 2% annual rent increases.
  • Corporate lease with Grease Monkey International, LLC, a rapidly expanding quick lube chain.

Property Details for 785 Lanier Ave

Property type
Retail properties, Auto shops
Square Feet
2,800 SF
Year Built
1994
Buildings
1
Lot Size (sq. ft)
30,492 SF
Units
1

Location Insight

City
Fayetteville
County
Fayette
State
Georgia
Latitude
33.450679272833
Longitude
-84.434834035445
785 Lanier Ave, Fayetteville, Georgia

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785 Lanier Ave
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