7178 Ga-85, Riverdale, GA 30274

Property Details for 7178 Ga-85

Year built

1989

Property type

Retail properties & Spaces

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.

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Longitude

-84.4138

Latitude

33.5586