785 Lanier AveFayetteville, GA 30214

  • Retail properties
  • 2,800 SF
For Sale
$1,404,878 View listing

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
Retail properties
Property subtype
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.

785 Lanier Ave, Fayetteville, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,557
$45,040
$38,960
$84,000
-
$112,600
$97,400
$210,000

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