361 Newnan Xing Byp Newnan, GA 30265-1067
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.
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At Home Home Decor Store Department Store
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At Home - The home decor superstore Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
2 · Newnan, GANewnan. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.