1280 Powder Springs RdMarietta, GA 30064

Property Details for 1280 Powder Springs Rd

Year built

1986

Lot size

0.73 AC

Property size (Sq ft)

8,298 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a stabilized, single-tenant, 8,298 square foot Class A auto repair facility located at 1280 Powder Springs Rd SW, Marietta, GA 30064. The property sits on a 0.73-acre lot and includes 30 parking spaces. Built in 1986 and extensively renovated in 2023, the building is currently 100% occupied by SimplyTrue Automotive, a rapidly expanding auto repair brand with 15 locations across three states. The tenant operates under a corporate-guaranteed, absolute NNN lease with a 15-year initial term, featuring 10% rent escalations every five years and four additional five-year renewal options. The current asking price is $3,214,286, representing a 7.00% cap rate and a price per square foot of $387.36. The property boasts a strong NOI of $225,000. The permitted zoning is CRC. This investment offers significant upside potential due to the tenant's growth trajectory and the built-in rent escalations, providing a hedge against inflation. The property's features include one building, one story, and a total of 8,298 net rentable square feet.

Location Insight

City

Marietta

County

Cobb

State

Georgia

Latitude

33.9219

Longitude

-84.5793

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