1280 Powder Springs Rd, Marietta, GA 30064
- Retail properties & Spaces
- 8,298 SF
- 0.73 lot acres
Current Use by Public Records
- North Fulton Physical Therapy / Physician
Property Details for 1280 Powder Springs Rd
- Year built
- 1986
- Lot size
- 0.73 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a stabilized, single-tenant, 8,298 square foot Class A auto repair facility located at 1280 Powder Springs Rd SW, Marietta, GA 30064. The property sits on a 0.73-acre lot and includes 30 parking spaces. Built in 1986 and extensively renovated in 2023, the building is currently 100% occupied by SimplyTrue Automotive, a rapidly expanding auto repair brand with 15 locations across three states. The tenant operates under a corporate-guaranteed, absolute NNN lease with a 15-year initial term, featuring 10% rent escalations every five years and four additional five-year renewal options. The current asking price is $3,214,286, representing a 7.00% cap rate and a price per square foot of $387.36. The property boasts a strong NOI of $225,000. The permitted zoning is CRC. This investment offers significant upside potential due to the tenant's growth trajectory and the built-in rent escalations, providing a hedge against inflation. The property's features include one building, one story, and a total of 8,298 net rentable square feet.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marietta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.5793
- Latitude
- 33.9219
