Net Lease Investment Opportunity | TitleMax
2,971 SF | Retail Building | Forest Park, GA 30297 | $802,242 ($270/SF) | 6.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $802,242
- Property Type
-
Retail
- Square Feet
- 2,971 SF
- Price / Square Foot
- $270
Listing Contacts
Nancy Miller
Verified Profile
Adam Willhite
Verified Profile
- Property Info
Property Overview
This rare “bite-size” NNN investment property is in Forest Park, GA in the Atlanta MSA. Savannah, GA based TitleMax opened this location in December of 2007 under a 30-year NNN lease. Investor yield is enhanced by 2% annual rent increases.
This location benefits from a moratorium on opening additional title-lending firms in the municipality. The ±2,971 SF store is located on a ±0.89-acre site on a major retail artery with traffic counts of 20,200 VPD. This densely populated area has a 5-mile population of 186,657 with an average household income of $57,048. Growth projections continue at 2.12% through 2028.
Forest Park, located in Clayton County, GA, the southern portion of the Atlanta MSA, is less than 10 minutes from Atlanta’s Hartsfield-Jackson International Airport. The site is half a mile north of Interstate 75 and 3.2 miles south of Interstate 285. The immediate area has many retail establishments, residential neighborhoods & apartments, churches, Public Storage, a Travelodge and a Super 8 Motel. Clayton State University, Southlake Mall and Southern Regional Medical Center are all within 5 miles of the property.
TitleMax, opened its first location in 1998 and now has over 900 locations in 14 states. It is one of the largest title lending companies in the U.S. and fully guarantees this lease.
This location benefits from a moratorium on opening additional title-lending firms in the municipality. The ±2,971 SF store is located on a ±0.89-acre site on a major retail artery with traffic counts of 20,200 VPD. This densely populated area has a 5-mile population of 186,657 with an average household income of $57,048. Growth projections continue at 2.12% through 2028.
Forest Park, located in Clayton County, GA, the southern portion of the Atlanta MSA, is less than 10 minutes from Atlanta’s Hartsfield-Jackson International Airport. The site is half a mile north of Interstate 75 and 3.2 miles south of Interstate 285. The immediate area has many retail establishments, residential neighborhoods & apartments, churches, Public Storage, a Travelodge and a Super 8 Motel. Clayton State University, Southlake Mall and Southern Regional Medical Center are all within 5 miles of the property.
TitleMax, opened its first location in 1998 and now has over 900 locations in 14 states. It is one of the largest title lending companies in the U.S. and fully guarantees this lease.
Property Details
- Class
- B
- Year Built
- 1977
- Stories
- 1
- Property Subtype
- Freestanding, Storefront Retail/Office
- Lot Size (sq. ft)
- 38,768 SF
Highlights
- Rare “bite-size” NNN national tenant based in Savannah, GA with 2% annual rent increases!
- Operating at this location since 2007 with lease and options through December 2037
- High barriers to entry with moratorium on opening future title lending businesses in Forest Park
- Traffic counts more than 20K VPD and five-mile population over 186,000
- Projected population growth through 2028 of 2.12%
- Vibrant trade area close to major interstates and Hartsfield-Jackson International Airport
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].