1027 Hogansville Rd, Lagrange, GA 30241
5,000 SF | Retail Building | Lagrange, GA 30241 | $541,000 ($108/SF) | 6% Cap Rate
For Sale
Active
Asking Price $541,000
- Property Type
-
Retail
- Square Feet
- 5,000 SF
- Price / Square Foot
- $108
Listing Contacts
- Property Info
Property Overview
Corporate Guaranty from Strong Credit Tenant
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P BBB-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for nearly 20 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure W/ Low Rent
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for a healthier rent-to-sales ratio
Located in Low Vacant Retail Node
- Over 900K SF of retail space is located in a 1-mile radius (Nearby Retailers: Publix, Harbor Freight, Food Depot, Good Will)
- Less than 1.5% vacancy rate within that 1-mile radius
- Current rent is ~56% below market
Accessible Location to Hundreds of Apartments
- Fronting Hogansville Rd (11.4K VPD) with full turn access into the site
- Over 1.2K apartment units are located in a 1.5 mile radius
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P BBB-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for nearly 20 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure W/ Low Rent
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for a healthier rent-to-sales ratio
Located in Low Vacant Retail Node
- Over 900K SF of retail space is located in a 1-mile radius (Nearby Retailers: Publix, Harbor Freight, Food Depot, Good Will)
- Less than 1.5% vacancy rate within that 1-mile radius
- Current rent is ~56% below market
Accessible Location to Hundreds of Apartments
- Fronting Hogansville Rd (11.4K VPD) with full turn access into the site
- Over 1.2K apartment units are located in a 1.5 mile radius
Property Details
- Class
- C
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 23,522 SF
Highlights
- Rare Abs. NNN Lease
- Long Operating History with Recent Extension
- Located in Low Vacant Retail Node
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