1027 Hogansville Rd Lagrange, GA 30241-1498

Property Details for 1027 Hogansville Rd

Year built

1999

Lot size

0.69 lot acres

Property size

5,000 SF

Zone code

16- CR-MX

Property type

Retail space

APN

0502D002021

APU

0502D002021

Description

This exceptional investment opportunity presents a fee-simple, Class A, 5,000 square-foot auto parts store located at 1027 Hogansville Rd, LaGrange, GA 30241. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $32,483 annually. Currently occupied by a corporate-guaranteed tenant under an absolute triple-net (NNN) lease, this single-tenant building offers significant long-term stability. The lease, with a remaining term of 9.6 years, includes six five-year renewal options, ensuring consistent income well into the future. Built in 1998, the one-story building sits on a 0.73-acre lot and benefits from a prime location in a low-vacancy retail node, surrounded by major retailers and over 1,200 apartment units within a 1.5-mile radius. The tenant, a publicly traded company, has a long operating history at this location and recently extended their lease, demonstrating their commitment to the site. The property's price per square foot is $108.20, and rent bumps are included in the option period. This is a rare opportunity to acquire a low-risk, high-return investment with minimal landlord responsibilities. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The high traffic count on Hogansville Rd (11.4K VPD) further enhances the property's appeal.