1247 Hairston Rd Stone Mountain, GA 30083-5809

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.

Location Insight

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

Property Tax & Assessments