275 Commerce Dr Brunswick, GA 31525-0553
- Commercial real estate
- 2.77 lot acres
Jan 30, 2025
Current Use by Public Records
- GreenLight Automotive / Car Dealership
Property Details for 275 Commerce Dr
- Year built
- 2005
- Lot size
- 2.77 lot acres
- Zone code
- PD
- Property type
- Commercial real estate
- APN
- 03-19830
- APU
- 319830
Description
Exceptional investment opportunity: a 15,000-square-foot Caliber Collision auto shop in Brunswick, Georgia. This property boasts a new 15-year absolute NNN lease with two 5-year options, guaranteeing zero landlord responsibilities. The lease includes a 10% rental increase every five years throughout the primary term and option periods. A corporate guarantee from CH Hold Corp. provides added security. Currently undergoing a complete renovation, including a new roof, the property is slated to open in Q4 2024. Situated on a 2.77-acre lot with 126 parking spaces, this is the only Caliber Collision location serving Brunswick and the surrounding Golden Isles, a region attracting over 2.5 million tourists annually, contributing over $1.1 billion to the local economy. The property's strategic location near the Port of Brunswick, a major commerce hub, further enhances its value. The asking price is $5,552,000, representing a 6.10% cap rate and a $338,675 annual net operating income (NOI). The building was constructed in 2005 and extensively renovated in 2024. The price per square foot is $370.13. This is a prime opportunity to acquire a stable, high-performing asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,465,000
- ML approach
- $5,410,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brunswick
- County
- Glynn
- State
- Georgia
- Longitude
- -81.4838
- Latitude
- 31.2164
- CBSA code
- 15260
- CBSA name
- BRUNSWICK, GA METROPOLITAN STATISTICAL AREA
