757 Sr 96Bonaire, GA 31005

Property Details for 757 Sr 96

Year built

2001

Lot size

0.95 AC

Property size (Sq ft)

2,330 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Bonaire

County

Houston

State

Georgia

Latitude

32.555

Longitude

-83.66

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