Property summary
This exceptional investment opportunity presents a newly constructed, 1,735 square foot Strickland Brothers auto shop located in Flowery Branch, Georgia. Situated on a 0.96-acre lot at the hard corner intersection of Hwy 53 and Sloan Mill Rd, this property benefits from high visibility within the Kroger-anchored Royal Lakes Marketplace, attracting an average of 135,000 monthly visitors. The property boasts a 100% occupancy rate with a strong 14.4 years remaining on a 15.3-year Absolute NNN lease, commencing December 25, 2023, and expiring March 31, 2039. The lease includes a 10% rent increase every five years throughout the base term and options. The asking price is $2,395,000, representing a 6.50% cap rate and a Net Operating Income (NOI) of $155,681. This single-story building, constructed in 2023, is part of a rapidly growing area within the greater Atlanta metro area, approximately 42 miles from Atlanta's Central Business District and 46 miles from Athens, GA. Strickland Brothers is a rapidly expanding franchise with over 227 locations across 25+ states. This prime location offers exceptional long-term investment potential in a thriving market. The property is located at 4049 Winder Hwy, Flowery Branch, GA 30542, in Hall County.
Property profile
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Auto Repair Shop
Location
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Comparables
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