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Property profile & analytics
OFF-MARKET Estimated value $19,740,000
Retail space

361 Newnan Xing Byp Newnan, GA 30265-1067

84,176 SF 7.76 ac lot Built 2014
Entity Owned 4-yr Hold Free & Clear
Property ID
US22-3764822
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in an 86,773-square-foot At Home retail property located at 361 Newnan Crossing Bypass in Newnan, Georgia (zip code 30265). The property, built in 2018 and situated on a 7.8-acre lot, is currently 100% occupied under a 15-year absolute NNN lease with a corporate guarantee from At Home, commencing March 25, 2022, and expiring March 31, 2037. This leaves a substantial remaining lease term of approximately 12.4 years. The lease includes four five-year renewal options and features 2% annual rent bumps. The property generates a strong net operating income (NOI) of $1,243,827. The location benefits from a high-income demographic, with average household incomes exceeding $107,000 within a 5-mile radius. The property's visibility is enhanced by its position along a major thoroughfare with high daily traffic volume (8,500 vehicles per day) and its proximity to Ashley Park Center, a shopping destination attracting 4.6 million annual visitors. This offering provides investors with a secure, long-term passive income stream from a national tenant, with minimal landlord responsibilities. The property offers a compelling combination of strong tenant credit, a favorable lease structure, and a prime location in a thriving market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 84,176 SF
Lot 7.76 ac (338,026 SF)
Zoning code 2
APN 086 5044 008
UPID US22-3764822
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • At Home Home Decor Store Department Store
  • At Home - The home decor superstore Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$18.22M
Comparable Approach Comparable
$12.83M
Blend (final) Blend
$19.74M
Owner & transaction history
Realty Income Properties 18 LLC · 4 yrs held
Realty Income Properties 18 LLC
since 2022
Last sale
$20.8M
7 recorded transactions
2022
$20.8M
2018
$5.2M
2018
Price N/A
2017
$10.8M
2016
$10.2M
2015
Price N/A
2015
$3.9M
Zoning & alternative use
2 · Newnan, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $19.9M +78.3%
Medical building $17.9M +59.7%
Commercial (general) $17.1M +53.2%
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