361 Newnan Xing Byp Newnan, GA 30265-1067
Property profile & analytics
361 Newnan Xing Byp Newnan, GA 30265-1067
- Retail space
- 84,176 SF
- 7.76 lot acres
Property ID
US22-3764822
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- At Home / Home Decor Store / Department Store
- At Home - The home decor superstore / Home Decor Store / Department Store
Property Details for 361 Newnan Xing Byp
- Year built
- 2014
- Lot size
- 7.76 lot acres
- Property size
- 84,176 SF
- Zone code
- 2
- Property type
- Retail space
- APN
- 086 5044 008
- APU
- 865044008
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $19,160,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $19,735,000
- 6.5%
- $18,215,000
- 7%
- $16,915,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,825,000
Market price range: $5.28M - $16.9M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $19,925,000
- MEDICAL BUILDING
- $17,855,000
- COMMERCIAL (GENERAL)
- $17,120,000
- AUTO REPAIR, GARAGE
- $14,960,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7605
- Latitude
- 33.3872
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$76,538
$946,473
$2,994,202
$3,940,675
-
$2,366,182
$7,485,504
$9,851,686
