905 Hamilton BlvdGriffin, GA 30223

Property Details for 905 Hamilton Blvd

Year built

2001

Construction

STEEL FRAME

Lot size

0.60 AC

Property size (Sq ft)

5,000 SF

Zone code

PCD

Property type

Auto shops

APN

020A-02-011

APU

020A02011

Description

This exceptional investment opportunity presents a 5,696 square foot auto shop located at 905 Hamilton Blvd, Griffin, GA 30223. Situated on a 1.44-acre lot, the property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $137,535. The property is currently 100% occupied under a 20-year triple-net (NNN) lease, commencing September 1, 2022, and expiring August 31, 2042, with a remaining term of approximately 17.8 years. The lease includes four, five-year renewal options, potentially extending the lease term to 40 years. Annual rent is currently $137,535, with a 2% annual increase scheduled to begin in year seven. Built in 2001, this single-tenant retail property offers a secure, long-term investment with significant upside potential. The asking price is $1,897,034, translating to a price per square foot of $333.05. This rapidly expanding operator currently manages approximately 70 units. The property's location in Spalding County, Georgia provides excellent access and visibility. This is a rare opportunity to acquire a stable, high-performing asset with a proven track record and significant future growth potential.

Location Insight

City

Griffin

County

Spalding

State

Georgia

Latitude

33.2393

Longitude

-84.2451

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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