169 Business Ctr Dr Toccoa, GA 30577
- Retail properties
- 6,730 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 169 Business Ctr Dr
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property size
- 6,730 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
Exceptional investment opportunity: a brand-new, 6,730-square-foot Mavis Discount Tires auto shop in Toccoa, Georgia, is available for sale-leaseback. This property boasts a 20-year absolute NNN lease with a prominent national tenant, Mavis Discount Tires, a leading tire supplier. The lease includes six, five-year renewal options, each with a 5% rental escalation. This translates to a 6.10% cap rate and a substantial net operating income (NOI) of $186,050. Built in 2024, the single-tenant building sits on a one-acre lot with 29 parking spaces. The asking price is $3,050,000, representing a price per square foot of $453.19. The property benefits from strong surrounding demographics, including 2.2 million square feet of retail space, 4.4 million square feet of industrial space, and 8,100 households within a five-mile radius. Its strategic location, 35 miles northeast of Gainesville, GA, in Stephens County (population 26,840), further enhances its appeal. This is a turnkey investment with no landlord responsibilities, offering significant long-term value and passive income potential. The property is offered near development cost, presenting a rare opportunity for investors seeking a secure, high-return investment in a rapidly growing market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toccoa
- County
- Stephens
- State
- Georgia
- Longitude
- -83.3576
- Latitude
- 34.5715
