1247 Hairston Rd Stone Mountain, GA 30083-5809
- Auto shops
- 4,738 SF
- 0.74 lot acres
Current Use by Public Records
- Jiffy Lube / Oil Change Service / Brake Shop
Property Details for 1247 Hairston Rd
- Year built
- 1986
- Construction
- WOOD FRAME
- Lot size
- 0.74 lot acres
- Property size
- 4,738 SF
- Zone code
- C1
- Property type
- Auto shops
- APN
- 15 224 01 161
- APU
- 1522401161
Description
This exceptional investment opportunity presents a 2,024 square foot Jiffy Lube located at 1247 South Hairston Road in Stone Mountain, Georgia. The property boasts a strong 9-year triple-net (NNN) lease with a corporate guarantee from Shell (NYSE), ensuring minimal landlord responsibilities and a stable income stream. The lease features 5% rent bumps every three years, providing a hedge against inflation. The building, constructed in 1986, sits on a 0.78-acre lot and enjoys 100% occupancy, generating a Net Operating Income (NOI) of $71,663 and a 6.25% cap rate. The asking price is $1,146,600, translating to $566.50 per square foot. This prime retail location is situated adjacent to Crowe's Crossing Shopping Center, a high-traffic area with over 25,500 vehicles per day. Its convenient access to Loop 285, Downtown Atlanta (16 miles), and Hartsfield-Jackson Atlanta International Airport (20 miles) further enhances its appeal. The property benefits from its proximity to Stone Mountain Park, Georgia's most visited attraction. Nearby businesses include Kroger, Wendy's, Dollar General, and several other national chains. The lease has three 5-year renewal options, extending the investment potential well into the future. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $965,000
- 6.5%
- $1,105,000
- 7%
- $995,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,050,000
- Geo Method
- $1,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,165,000
- Retail
- $1,060,000
- Mixed-Use
- $900,000
- Hospitality
- $1,005,000
- Educational
- $1,135,000
- Residential Income
- $1,140,000
- Energy
- $1,205,000
- Income-Based Land
- $1,145,000
- Food Service
- $1,115,000
Location Insight
- Map
- Local Demand
- City
- Stone Mountain
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.1974
- Latitude
- 33.7592
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
