785 Lanier E Ave Fayetteville, GA 30214-2209
- Parking lots & garages
- 2,800 SF
- 0.47 lot acres
Current Use by Public Records
- Grease Monkey / Auto Repair Shop
Property Details for 785 Lanier E Ave
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.47 lot acres
- Property size
- 2,800 SF
- Zone code
- C C3
- Property type
- Parking lots & garages
- APN
- 0524 153
- APU
- 524153
Description
This exceptional investment opportunity presents a fee-simple interest in a 2,800 square foot Grease Monkey auto shop located at 785 E Lanier Ave, Fayetteville, GA 30214. The property sits on a 0.7-acre lot and boasts a 6.15% cap rate with a strong NOI of $86,400. The single-tenant, triple-net (NNN) lease with Grease Monkey International, LLC has a remaining term of 9.7 years, expiring July 31, 2034, and includes two 5-year renewal options. Rent increases of 2% are built in after year 3, 6, and 8. The building, constructed in 1994, benefits from recent upgrades including new paint, signage, and parking lot improvements. This prime retail location is situated along Lanier Avenue, a high-traffic artery with approximately 26,000 vehicles daily, and is less than a mile from downtown Fayetteville. Fayette County is one of the fastest-growing counties in the United States, ensuring a robust and expanding market for automotive services. The property's location within the Atlanta MSA further enhances its investment appeal. This offering provides a secure, long-term investment with built-in rent growth, making it an attractive opportunity for discerning investors. The landlord is responsible only for roof and structure maintenance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Longitude
- -84.4345
- Latitude
- 33.4506
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
