Net-Leased Warehouse
1231 Green Street Southeast Conyers, GA 30012
New
For Sale
Contact for pricing
Two single-tenant net leased warehouse locations totaling over 18,000 SF are operated by TPH for parts distribution inventory.
Property Size18,395 SF
Price / SF$131.56
Days on Market4
Property Features for 1231 Green Street Southeast
General Information
- Standard status
- Active
- Size
- 18,395 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Adam Willhite · License #439777
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
This portfolio includes two single-tenant net leased warehouse locations operated by The Parts House (TPH) for aftermarket parts distribution. The facilities support inventory storage at locations with operating histories averaging 20+ years.
The properties are located in the Atlanta MSA, including Conyers and Forest Park, with the specific offering identified at 1231 Green Street Southeast in Conyers, GA 30012. The locations are described as being in higher exposure, non-industrial areas that are positioned for customer convenience.
Lease extensions were executed for another five years beginning in September 2026, with annual rent increases averaging over 2.5% and renewal options.
The properties are located in the Atlanta MSA, including Conyers and Forest Park, with the specific offering identified at 1231 Green Street Southeast in Conyers, GA 30012. The locations are described as being in higher exposure, non-industrial areas that are positioned for customer convenience.
Lease extensions were executed for another five years beginning in September 2026, with annual rent increases averaging over 2.5% and renewal options.
Key Highlights
- Two single‑tenant net leased warehouse locations totaling over 18,000 SF operated by The Parts House (TPH)
- TPH operates aftermarket parts distribution at the properties, supporting warehouse space for inventory
- Average operating history is 20+ years, with early lease extensions for another 5 years starting September 2026
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.4k | $9.48 |
| − Vacancy | −$15.5k | −$0.84 |
| EGI | $158.9k | $8.64 |
| − OpEx | −$23.8k | −$1.30 |
| NOI | $135.0k | $7.34 |
18,395 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,035 @ 7.0% cap · market cap 5.58%
Second Best
Industrial
$1.60M
$1.40M – $1.87M
NOI $112,060 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$5.17M
$4.52M – $6.03M
NOI $361,572 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Parts House
Auto Parts Store
FAQs
What type of property is this?
Distribution center - Two single-tenant net leased warehouse locations totaling over 18,000 SF are operated by TPH for parts distribution inventory.
Where is this distribution center located?
The property is located at 1231 Green Street Southeast Conyers, GA.
What is the asking price?
The asking price for this property is $2,420,000.
What are key features of this property?
This property features: Two single‑tenant net leased warehouse locations totaling over 18,000 SF operated by The Parts House (TPH); TPH operates aftermarket parts distribution at the properties, supporting warehouse space for inventory; Average operating history is 20+ years, with early lease extensions for another 5 years starting September 2026
