Alpharetta Automotive Repair Investment
For Sale
Contact for pricing
540 North Main Street, Alpharetta, GA 30009
Automotive repair facility with NNN lease in high-growth Alpharetta market.
Property Size4,838 SF
Lot Size0.42 Acres
Price / SF$341.05
Days on Market147
Property Features for 540 North Main Street
General Information
Standard status
Active
Size
4,838 SF
Total Parking Spaces
14
Lot size
0.42 Acres
Property subtype
Retail
Zoning
C2
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Atlanta Land Group
(404) 419-3500
Listed By:
Jay Leslie · License #203782
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 10 at 11:47AM
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 Atlanta Land Group
Investment Insights
Based on property information with market context.
Located at 540 N Main Street in Alpharetta, GA, this property presents a rare automotive-zoned opportunity in the heart of Alpharetta’s North Main corridor. The 4,018 SF automotive repair facility is situated on 0.42 acres along high-visibility North Main Street, which sees 24,900 vehicles per day. The property benefits from C-2 zoning within the City of Alpharetta, which allows continued automotive use. The site is secured by a stable NNN lease with Rocco’s European Garage, providing predictable passive income with 7 years remaining and three additional 5-year renewal options, making it an ideal long-term investment in a high-growth market. The property size is 4,838 square feet.
Key Highlights
- Rare automotive‑zoned property in Alpharetta's North Main corridor.
- High‑visibility location on North Main Street with 24,900 AADT.
- Stable NNN lease with Rocco’s European Garage in place.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,097
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,940
$1.2M
Cap Rate 7%
$887,100
$887.1K
Cap Rate 9%
$689,967
$690.0K
Market Conditions
NOI Build-Up for 4,838 SF
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.
Gross rent
$92.9K $19.20/SF
− Vacancy
−$4.2K −$0.86/SF
EGI
$88.7K $18.34/SF
− OpEx
−$26.6K −$5.50/SF
NOI
$62.1K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,940
Cap Rate 7%
$887,100
Cap Rate 9%
$689,967
Alternative Uses
Best Use
Retail
$887.1K
$776.2K – $1.03M
NOI $62,097 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$421.0K
$368.4K – $491.2K
NOI $29,472 @ 7.0% cap · market cap 1.79%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,668 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,806
Businesses Nearby
144k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 31%
Shops & Services 16%
Hotels & Casinos 14%
Publix
Groceries
52,584 visits/mo
0.3 miles
The Hamilton Alpharetta, Curio Collection By Hilton
Hotels & Casinos
20,726 visits/mo
0.1 miles
Taco Bell
Dining
13,368 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,672 visits/mo
0.5 miles
Curry Up Now
Dining
6,864 visits/mo
0.2 miles
Demographics for 30009, GA
19,256
Population
9,168
Households
2.1
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
9.1 sq mi
ZIP Area
2,116
Density / Sq Mi
$135,819
Median Household Income
$75,211
Median Earnings
$2,030
Median Rent
$611,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Midas — 224 N Main St, Alpharetta, GA 30009
- Firestone Complete Auto Care — 788 N Main St, Alpharetta, GA 30009
- Rocco's European Garage — 540 N Main St, Alpharetta, GA 30009
- Window Tinting Services — 1088 Pine Grove Dr, Alpharetta, GA 30009
- Augusta Mobile Windshield Repair & Replacement Team — 100 cobblestone way, alpharetta, ga 30009
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair facility with NNN lease in high-growth Alpharetta market.
Where is this auto shop located?
The property is located at 540 North Main Street Alpharetta, GA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Rare automotive‑zoned property in Alpharetta's North Main corridor.; High‑visibility location on North Main Street with 24,900 AADT.; Stable NNN lease with Rocco’s European Garage in place.
