Property summary
This exceptional investment opportunity presents a 5,696 square foot auto shop located at 905 Hamilton Blvd, Griffin, GA 30223. Situated on a 1.44-acre lot, the property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $137,535. The property is currently 100% occupied under a 20-year triple-net (NNN) lease, commencing September 1, 2022, and expiring August 31, 2042, with a remaining term of approximately 17.8 years. The lease includes four, five-year renewal options, potentially extending the lease term to 40 years. Annual rent is currently $137,535, with a 2% annual increase scheduled to begin in year seven. Built in 2001, this single-tenant retail property offers a secure, long-term investment with significant upside potential. The asking price is $1,897,034, translating to a price per square foot of $333.05. This rapidly expanding operator currently manages approximately 70 units. The property's location in Spalding County, Georgia provides excellent access and visibility. This is a rare opportunity to acquire a stable, high-performing asset with a proven track record and significant future growth potential.
Property profile
VerifiedCap rate & NOI
Current use
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Party Supply Store Rental Equipment Company
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Auto Repair Shop Vehicle Inspection Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PCD · Griffin, GAIt shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCD in Griffin, GA.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning