3759 Martinez Blvd Martinez, GA 30907
- Auto shops
- 7,200 SF
- 0.99 lot acres
Current Use by Public Records
- Auto shops
Property Details for 3759 Martinez Blvd
- Year built
- 1992
- Lot size
- 0.99 lot acres
- Property size
- 7,200 SF
- Property type
- Auto shops
- APN
- 082E073
Description
This exceptional investment opportunity presents a fee-simple interest in a 7,200 square foot MAACO auto repair facility located at 3759 Martinez Blvd, Augusta, GA 30907. The property sits on a 0.99-acre lot in a prime retail corridor, boasting high visibility and convenient access to major roadways, including I-20 and I-520. The building, constructed in 1992, is currently 100% occupied under a single-tenant, absolute NNN lease with MAACO, a subsidiary of Driven Brands (NASDAQ: DRVN). The lease commenced December 11, 2019, and has a remaining term of 12.7 years, with three 5-year renewal options. Annual rent increases of 1.4% provide inflation protection. The property generates a strong NOI of $112,559 (pro-forma NOI: $114,135), resulting in a 6.75% cap rate (pro-forma 6.84%). The location benefits from high traffic counts on nearby major roads and proximity to numerous car dealerships, national retailers, and residential communities. Its close proximity (3.7 miles) to the Augusta National Golf Course, home of the Masters Tournament, further enhances its desirability. The Augusta MSA boasts over 629,000 residents, with a significant population and high average household income within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential. The property's permitted zoning is commercial.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Martinez
- County
- Columbia
- State
- Georgia
- Longitude
- -82.078531068196
- Latitude
- 33.516593267362