7178 Ga-85 Riverdale, GA 30274
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 7178 Ga-85
- Year built
- 1989
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,000 square foot Take 5 Oil Change, situated on a 17,467 square foot lot at 7178 GA-85 in Riverdale, Georgia (zip code 30274). Built in 1989 and renovated in 2022, the property boasts a 100% occupancy rate with a strong, 9.5-year remaining lease term (commencing June 1, 2024, and expiring May 31, 2034). The absolute NNN lease includes four five-year renewal options, each with a significant 12.5% rent increase. The property benefits from a high daily traffic count of 47,498 vehicles per day on GA-85, a major thoroughfare connecting Atlanta and surrounding communities. The location is strategically positioned near major interstates (I-285 and I-75), offering convenient access to the entire Atlanta MSA. The surrounding area features a high population density (87,700+ residents within a 3-mile radius), strong household incomes ($70,000-$80,000 annually), and proximity to numerous residential developments and major retailers, including a Home Depot and Kroger. The property generates a Net Operating Income (NOI) of $120,000, resulting in a 5.75% cap rate. The asking price is $2,086,956, translating to $1,043.48 per square foot. The property's prime location, long-term lease, and substantial rent increases make it an attractive investment opportunity with significant potential for future growth. The ground lease is included in the fee simple ownership.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Longitude
- -84.4138
- Latitude
- 33.5586
