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 coordior highway, Highway 129
- • Located in a rapidly growing area of Cleveland, GA
Description
Bull Realty is pleased to present a net leased investment opportunity in a rapidly expanding area on Hwy 129 in Cleveland, GA. The property consists of two buildings: ±6,250 SF and ±6,000 SF totaling ±12,250 SF and is situated on ±10 acres. The property has over 510’ of frontage and is located on the busiest commercial corridor in the county. The seller, CorpAuto, will sign a 2-year NNN lease at closing at a 6% CAP rate. An additional six-acre tract of land is included in the sale for expansion to accommodate additional tenants, or purchaser can build their own 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.
