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Property profile

1027 Hogansville Rd Lagrange, GA 30241

OFF-MARKET
Retail space
Property ID
US22-0859576
5,000 SF 0.69 ac lot Built 1999
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 5,000 SF
Lot 0.69 ac (30,056 SF)
Zoning code 16- CR-MX
APN 0502D002021
UPID US22-0859576

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service
  • Auto Parts Store
  • Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2024
Last sale
$530,000
2 recorded transactions
2024
$530,000
2024
Price N/A

Zoning & alternative use

16- CR-MX · Lagrange, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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