125 Elbert St, Elberton, GA 30635

Building Details

Year Built

1977

Listing agent Peter Block License #471002226

Listing office Colliers - Rosemont, Illinois Show Phone

Listing date Jul 24, 2023

Source Crexi

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Overview

Located in Elberton, Georgia, 125 Elbert Street is a 2,876 square foot retail property situated on the main retail thoroughfare at the corner of Elbert Street and College Avenue, surrounded by national tenants. The property is offered for sale as an investment opportunity with an absolute NNN lease in place. The lease has approximately 14.2 years remaining, expiring on August 15, 2037, and features annual rent increases of 2% with a corporate guarantee. The property generates a net operating income (NOI) of $46,125. The surrounding area within a 5-mile radius has a population of over 10,549 people and an average household income of $66,050.

Suggested Use

Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Elberton

County

Elbert

State

Georgia

Longitude

-82.866089

Latitude

34.110901

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FAQs

What type of property is this?

NNN property - NNN leased retail property with long-term tenant and annual rent increases.

Where is this nnn property located?

The property is located at 125 Elbert St Elberton, GA.

What is the asking price?

The asking price for this property is $683,333.

What are key features of this property?

This property features: Absolute NNN lease with 14.2 years remaining (expires 8/15/2037).; Located on the main retail drag at the corner of Elbert Street and College Ave, surrounded by national tenants.; CAP rate of 6.75% with an offering price of $683,333.