5970 Old Dixie HwyForest Park, GA 30297

Property Details for 5970 Old Dixie Hwy

Year built

1977

Lot size

0.89 AC

Property size (Sq ft)

2,771 SF

Zone code

GB

Property type

Office buildings

APN

13-110C- B-014

APU

13110CB014

Description

This exceptional net lease investment opportunity presents a 2,971 square foot freestanding retail building occupied by TitleMax, a prominent national tenant. Located in Forest Park, Georgia, within the Atlanta MSA, this property boasts a strong 6.6% cap rate and a substantial remaining lease term of 13 years, extending to November 30, 2037. The lease commenced December 1, 2007, and includes attractive 2% annual rent increases, ensuring consistent income growth. The property sits on a 0.89-acre lot in a high-traffic area with over 20,200 vehicles passing daily. Its strategic location on a major retail artery provides excellent visibility and accessibility. The surrounding area is densely populated, with a 5-mile radius encompassing over 186,657 residents and an average household income of $57,048. Further enhancing its value, Forest Park has a moratorium on new title lending businesses, creating a high barrier to entry for competitors. The property's proximity to Interstate 75, Interstate 285, and Hartsfield-Jackson International Airport adds to its appeal. Built in 1977, this single-story building is zoned GB and offers a fee-simple ownership structure, making it an ideal 1031 exchange opportunity. The current net operating income (NOI) stands at $52,948, with an asking price of $802,242 and a price per square foot of $270.02. The property is situated near various retail establishments, residential areas, and key amenities, including Clayton State University and Southlake Mall. This investment offers a compelling combination of strong tenant occupancy (100%), a secure lease, and significant growth potential in a thriving market. The property's parcel number is 13110C B014.

• CAP approach

  CAP return

  Valuation

  6%

  $352,455

  6.5%

  $325,343

  7%

  $302,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $540,511

  Geo Method

  $540,511

• Alternative Use

  Use

  Valuation

  Residential

  $403,425

  Hospitality

  $369,535

  Educational

  $307,449

  Medical

  $318,022

  Retail

  $478,254

Location Insight

City

Forest Park

County

Clayton

State

Georgia

Latitude

33.592

Longitude

-84.3763

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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