808 New Franklin Rd, Lagrange, GA 30240-1844
- Auto shops
- 13,644 SF
- 3.04 lot acres
Current Use by Public Records
- Fryer's Tire & Automotive / (Bike/Boat/Book/etc) Store / Auto Parts Store
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 808 New Franklin Rd
- Year built
- 1993
- Lot size
- 3.04 lot acres
- Zone code
- 16- CR-MX
- Property type
- Auto shops
- APN
- 0502B005009
- APU
- 0502B005009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 26, 2025 | $2,774,400 | Sp Mai Auto Investor 1 LLC | Cot Northern Auto Holdings LLC | Warranty Deed | — |
| Sep 1, 2022 | $1,433,333 | Cot Northern Auto Holdings LLC | Nr Automotive INC | Warranty Deed | — |
| Sep 1, 2022 | — | Tracy Ward | Synovus Bank | Quit Claim Deed · related | — |
| Aug 31, 2022 | — | Cot Norther Auto Holdings LLC | Nr Automotive INC | Warranty Deed | — |
| Aug 31, 2022 | $2,143,000 | Nr Automotive INC | T J Ward Partnership | Warranty Deed | — |
| Feb 5, 2019 | — | Tj Ward Ptshp | — | Trustees Deed · related | $100k · Synovus Bk |
| Oct 6, 2017 | — | T J Ward Ptshp | Fryers Real Estate LLC | Warranty Deed · related | $940k · Fryer's Real Estate LLC |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lagrange
- County
- Troup
- State
- Georgia
- Longitude
- -85.028
- Latitude
- 33.0592
- CBSA code
- 29300
- CBSA name
- LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA
