For Sale
$634,483

757 Sr 96Bonaire, GA 31005

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 2,330 square foot Grease Monkey auto shop located at 757 SR 96, Bonaire, GA 31005. The property sits on a 0.95-acre lot and boasts a 7.25% cap rate with a current NOI of $46,000. The single-tenant, absolute NNN lease features a corporate guarantee from Grease Monkey International, LLC, ensuring financial stability. The lease commenced September 27, 2000, and has approximately 6.2 years remaining on the primary term, followed by two five-year renewal options, each with a 15% rent escalation. The tenant, operating since 2001, is responsible for all expenses, including taxes, insurance, CAM, roof, and structure maintenance. This well-maintained, single-story building, constructed in 2001, benefits from its strategic location near the intersection of State Route 96 and Houston Lake Road, boasting high daily vehicle counts. The property's proximity to Robins Air Force Base and major employers like Frito-Lay Inc, Northrop Grumman, and Anchor Glass Container Corporation contributes to its strong market position within the thriving Warner Robins metropolitan area. The asking price is $634,483. This is a rare opportunity to acquire a stable, high-performing investment property with significant upside potential. The property is zoned commercial.

Highlights

  • Fee-simple ownership of a 2,330 SF Grease Monkey auto shop in Bonaire, GA.
  • 7.25% cap rate with a $46,000 NOI.
  • Absolute NNN lease with corporate guarantee from Grease Monkey International, LLC; approximately 6.2 years remaining, plus two 5-year options with 15% rent escalations.
  • Located at 757 SR 96, on a 0.95-acre lot, near high-traffic intersection of SR 96 and Houston Lake Road.
  • Strong location near Robins Air Force Base and major employers (Frito-Lay, Northrop Grumman, Anchor Glass). Asking price: $634,483.

Property Details for 757 Sr 96

Property type
Retail properties, Retail space
Square Feet
2,330 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
41,382 SF
Units
1

Location Insight

City
Bonaire
County
Houston
State
Georgia
Latitude
32.555022897383
Longitude
-83.659947562514
757 Sr 96, Bonaire, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
757 Sr 96
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message