1127 Chattanooga StLaFayette, GA 30728

Property Details for 1127 Chattanooga St

Year built

1975

Lot size

2.70 AC

Property size (Sq ft)

15,000 SF

Zone code

I2

Property type

Industrial properties

Property subtype

Other industrial properties

APN

1060 006A

APU

1060006A

Description

This exceptional investment opportunity presents a fully leased, 16,000-square-foot industrial property located at 1127 S Chattanooga St, LaFayette, GA 30728. The property, situated on a 2.7-acre lot and zoned I2, features one single-story building with three dock-high doors and ceiling heights ranging from 18 to 22 feet. Originally constructed in 1975 and extensively renovated in 2024, the property boasts a 100% occupancy rate with a credit-rated tenant under a triple-net (NNN) lease. The current lease, commencing April 1, 2024, and expiring April 1, 2031, includes a 7-year term with a 3% annual rent increase. The asking price is $1,200,000, representing a compelling $75 per square foot and a 6.18% capitalization rate. The property's strong tenant, a significant annual net operating income (NOI) of $74,160, and the long-term lease provide exceptional stability and potential for future growth. This is a rare opportunity to acquire a high-quality, fully leased industrial asset in a desirable location with a proven track record of success. The property's recent renovation ensures modern functionality and efficiency, making it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The property's location in Walker County, Georgia, offers convenient access to major transportation routes and a thriving industrial market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,631,367

  Hospitality

  $3,326,313

  Educational

  $2,767,453

  Medical

  $2,862,630

  Retail

  $4,304,927

Location Insight

City

La Fayette

County

Walker

State

Georgia

Latitude

34.6909

Longitude

-85.2969

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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