785 Lanier AveFayetteville, GA 30214

Property Details for 785 Lanier Ave

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.47 AC

Property size (Sq ft)

2,800 SF

Zone code

C C3

Property type

Parking lots & garages

APN

0524 153

APU

524153

Description

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.

Location Insight

City

Fayetteville

County

Fayette

State

Georgia

Latitude

33.4506

Longitude

-84.4345

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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