808 New Franklin Rd Lagrange, GA 30240-1844

This exceptional investment opportunity presents a 13,644-square-foot auto shop in LaGrange, Georgia, situated on a 3.8-acre lot at 808 New Franklin Rd, zip code 30240. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a prominent tenant, commencing September 1, 2022, and expiring August 31, 2042. This leaves a substantial remaining lease term of approximately 17.8 years. The current annual net operating income (NOI) stands at $220,816, representing a compelling 7.25% capitalization rate based on the asking price of $3,045,738. The price per square foot is $223.23. The lease includes a built-in rent escalator, with annual increases of 2% commencing in year seven and continuing through four, five-year renewal options, potentially extending the lease term to 40 years. This presents a stable, long-term investment with significant upside potential. The tenant is a rapidly expanding operator with approximately 70 units. This property offers a secure, passive income stream with substantial growth prospects. The property is located in Troup County, Georgia.