125 Elbert St Elberton, GA 30635
- Office buildings
- 2,876 SF
- 0.70 lot acres
Current Use by Public Records
- TMX Finance / Loan Agency
- Clifford's Restaurant / Restaurant
- TitleMax Title Pawns / Loan Agency / Car Finance And Loan Company
Property Details for 125 Elbert St
- Year built
- 1977
- Construction
- STEEL FRAME
- Lot size
- 0.70 lot acres
- Property size
- 2,876 SF
- Zone code
- ELBERTON
- Property type
- Office buildings
- APN
- E18 059
- APU
- E18059
Description
This exceptional investment opportunity presents a 2,876 square foot storefront located at 125 Elbert Street, Elberton, Georgia 30635. The property, built in 1977, is currently leased to TitleMax under a Net Lease (NNN) agreement with a corporate guarantee. The lease commenced August 14, 2007, and has a remaining term of approximately 12.7 years, expiring August 14, 2037. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The asking price is $683,333, representing a price per square foot of $237.60 and a compelling 6.75% cap rate. The property generates a Net Operating Income (NOI) of $46,125. This strategically located storefront sits on a highly visible corner at a lighted intersection, benefiting from its position on the main retail thoroughfare alongside other national tenants and convenient access to heavily traveled College Avenue. The property offers strong investment fundamentals, including an absolute NNN lease structure, a high yield, and built-in rent increases. This is a prime opportunity for investors seeking a stable, high-return investment in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elberton
- County
- Elbert
- State
- Georgia
- Longitude
- -82.8645
- Latitude
- 34.1104
