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CorpAuto Net Lease Investment Opportunity | 6% Cap Rate | Cleveland, GA

3040 - 3042 Highway 129 S
Cleveland, GA 30528
PRICE : $2,000,000
CAP RATE: 6%
PROPERTY TYPE: Retail
SITE SIZE: 10.00 Acres
BUILDING SIZE: 12,250 SF
YEAR BUILT: 2004

Highlights

  • ±12,250 SF automotive building
  • Consists of: two buildings, ±6,250 SF and ±6,000 SF
  • The tenant, CorpAuto, is an established auto business
  • Situated on ±10 acres
  • ±6 acres of excess land is included in the sale for development
  • Located on busy retail corridor highway, Highway 129
  • Located in a rapidly growing area of Cleveland, GA
  • Additional ± 9.43 acre commercial site is available for sale as one transaction at a reduced price

Description

Bull Realty is pleased to present this two building flex property in a rapidly expanding area on Hwy 129 in Cleveland, GA. The two buildings are ±6,250 SF and ±6,000 SF respectively, totaling ±12,250 SF. Both are in very good condition. The lot is approximately ±10 acres and has over 510’ of frontage on the busiest commercial corridor in the county. The seller, CorpAuto, will sign a shot term NNN lease at closing at a 6% CAP rate. The additional six-acre tract of land is included in the 10 acres will accommodate additional tenants and / or new construction buildings.

CorpAuto is an established auto sale and service provider and has been in business for over 25 years. This facility supports their main sales building which is across the street.

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