1027 Hogansville RdLaGrange, GA 30241

Property Details for 1027 Hogansville Rd

Year built

1999

Lot size

0.69 AC

Property size (Sq ft)

5,000 SF

Zone code

16- CR-MX

Property type

Retail properties

Property subtype

Retail space

APN

0502D002021

APU

0502D002021

Description

This exceptional investment opportunity presents a fee-simple, Class A, 5,000 square-foot auto parts store located at 1027 Hogansville Rd, LaGrange, GA 30241. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $32,483 annually. Currently occupied by a corporate-guaranteed tenant under an absolute triple-net (NNN) lease, this single-tenant building offers significant long-term stability. The lease, with a remaining term of 9.6 years, includes six five-year renewal options, ensuring consistent income well into the future. Built in 1998, the one-story building sits on a 0.73-acre lot and benefits from a prime location in a low-vacancy retail node, surrounded by major retailers and over 1,200 apartment units within a 1.5-mile radius. The tenant, a publicly traded company, has a long operating history at this location and recently extended their lease, demonstrating their commitment to the site. The property's price per square foot is $108.20, and rent bumps are included in the option period. This is a rare opportunity to acquire a low-risk, high-return investment with minimal landlord responsibilities. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The high traffic count on Hogansville Rd (11.4K VPD) further enhances the property's appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $934,876

  6.5%

  $862,962

  7%

  $801,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,457,756

  Geo Method

  $2,457,756

• Alternative Use

  Use

  Valuation

  Residential

  $727,941

  Hospitality

  $666,790

  Educational

  $554,762

  Medical

  $573,841

  Retail

  $862,962

Location Insight

City

Lagrange

County

Troup

State

Georgia

Latitude

33.0497

Longitude

-85.0102

CBSA code

29300

CBSA name

LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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