77 Bill Carruth Pkwy Hiram, GA 30141

Property Details for 77 Bill Carruth Pkwy

Lot size

1.01 lot acres

Property size

5,791 SF

Property type

Auto shops

Description

This exceptional investment opportunity presents a 5,791 square foot auto shop in Hiram, GA, boasting a 15-year absolute NNN lease with a prominent national tenant, Christian Brothers Automotive. The property, situated on a 1.013-acre lot at 77 Bill Carruth Pkwy, enjoys a prime location near the intersection of US Hwy 278 and Bill Carruth Pkwy, experiencing daily traffic counts exceeding 67,000 vehicles. The lease features annual rent escalations of 1.5% commencing in year six, ensuring consistent income growth. With a current NOI of $300,000 and a 6.25% cap rate, this offering presents a compelling return on investment. The property benefits from a strong corporate guarantee and zero landlord responsibilities. The surrounding area showcases robust demographics, with over 80,000 people residing within a 5-mile radius and an average household income exceeding $80,000 within a 3-mile radius. Nearby national retailers include Walmart, Target, Academy, Chipotle, and many more, underscoring the area's thriving commercial landscape. The asking price is $4,800,000, translating to $828.87 per square foot. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential. The lease has options extending the term up to 65 years. Christian Brothers Automotive, established in 1982, currently operates over 275 locations and has a proven track record of success.