169 Business Ctr DrToccoa, GA 30577

Property Details for 169 Business Ctr Dr

Year built

2024

Lot size

1.00 AC

Property size (Sq ft)

6,730 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Exceptional investment opportunity: a brand-new, 6,730-square-foot Mavis Discount Tires auto shop in Toccoa, Georgia, is available for sale-leaseback. This property boasts a 20-year absolute NNN lease with a prominent national tenant, Mavis Discount Tires, a leading tire supplier. The lease includes six, five-year renewal options, each with a 5% rental escalation. This translates to a 6.10% cap rate and a substantial net operating income (NOI) of $186,050. Built in 2024, the single-tenant building sits on a one-acre lot with 29 parking spaces. The asking price is $3,050,000, representing a price per square foot of $453.19. The property benefits from strong surrounding demographics, including 2.2 million square feet of retail space, 4.4 million square feet of industrial space, and 8,100 households within a five-mile radius. Its strategic location, 35 miles northeast of Gainesville, GA, in Stephens County (population 26,840), further enhances its appeal. This is a turnkey investment with no landlord responsibilities, offering significant long-term value and passive income potential. The property is offered near development cost, presenting a rare opportunity for investors seeking a secure, high-return investment in a rapidly growing market.

Location Insight

City

Toccoa

County

Stephens

State

Georgia

Latitude

34.5715

Longitude

-83.3576

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