905 Hamilton Blvd, Griffin, GA 30223-4430
- Auto shops
- 5,000 SF
- 0.60 lot acres
Current Use by Public Records
- Sofia Foster Mobile Toilet Rentals / Party Supply Store / Rental Equipment Company
- Doug's Tire & Automotive / Auto Repair Shop / Vehicle Inspection Center
Property Details for 905 Hamilton Blvd
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 0.60 lot acres
- Zone code
- PCD
- Property type
- Auto shops
- APN
- 020A-02-011
- APU
- 020A02011
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 26, 2025 | $1,600,025 | Sp Mai Auto Investor I LLC | Cot Northern Auto Holdings LLC | Warranty Deed | — |
| Sep 1, 2022 | $1,433,333 | Cot Northern Auto Holdings LLC | Nr2 Automotive INC | Warranty Deed | $7.1M · Bankwell Bank |
| May 6, 2022 | $325,000 | Nr2 Automotive INC | Douglas D Thornton | Warranty Deed | — |
| — | — | Douglas D Thornton | — | Loan Modification · related | $27k · United Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,335,000
- ML approach
- $1,360,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $885,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.2451
- Latitude
- 33.2393
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
