Property profile

1247 Hairston Rd Stone Mountain, GA 30083

OFF-MARKET
Auto shops
Property ID
US22-4226334
4,738 SF 0.74 ac lot Built 1986
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1986
Construction WOOD FRAME
Total area 4,738 SF
Lot 0.74 ac (32,234 SF)
Zoning code C1
APN 15 224 01 161
UPID US22-4226334

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
  • Auto Repair Shop

Location

1247 Hairston Rd Stone Mountain, GA 30083-5809
Stone Mountain metro Census 23215 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.07M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.27M

Owner & transaction history

since 2021
Last sale
$1.1M
6 recorded transactions
2021
$1.1M
2019
Price N/A
2018
$750,000
2016
$815,000
2016
Price N/A
2008
Price N/A

Zoning & alternative use

C1 · Stone Mountain, GA
Top alternative use upside
Retail stores $1.2M +17.4%

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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