2224 Lafayette Rd Fort Oglethorpe, GA 30742-3753

This exceptional investment opportunity presents a fee-simple, single-tenant auto shop in Fort Oglethorpe, Georgia. Located at 2224 Lafayette Rd, this 4,896 square foot building sits on a 0.7-acre lot and is currently leased under an absolute NNN lease, meaning no landlord responsibilities. The lease commenced November 30, 2023, and has a remaining term of four years, expiring November 30, 2028, with attractive 3% annual rent increases. The asking price is $556,000, translating to a price per square foot of $113.56 and a 7.77% cap rate based on a current Net Operating Income (NOI) of $43,200. Built in 1990, the property benefits from a strong location near major retailers including Walmart, Publix, Home Depot, and others, serving a population exceeding 99,000 within a five-mile radius. The tenant, operating for over seven years at this location, provides comprehensive automotive services. The property's occupancy date is December 1, 2023, with an occupancy rate of 8%. This presents a compelling investment opportunity due to its low price point, strong tenant history, and built-in rent growth. The property is conveniently located approximately six miles from Chattanooga, Tennessee.