Service Street Auto Center Net Lease Investment Opportunity | 4.2% Cap Rate
2039 Scenic Highway
Snellville, GA 30078
| PRICE : | $2,000,000 |
|---|---|
| CAP RATE: | 4.2% |
| PROPERTY TYPE: | Retail |
| SITE SIZE: | 0.60 Acres |
| BUILDING SIZE: | 2,800 SF |
| YEAR BUILT: | 1998 |
Highlights
- • True NNN fee simple investment in Snellville, GA
- • ±2,800 SF auto service center located on a busy retail corridor
- • 57,000 vehicles per day on Scenic Highway SW
- • Includes six bays (four with in-ground lifts), two oil change pits, small office area, waiting room and separate bathrooms for employee and customer use
- • Well-established tenant in place with 8-years remaining on the lease
- • Average household income over $100,000 in 2021
Description
Bull Realty is pleased to offer this corporate guaranteed, absolute NNN, fee simple Service Street Auto Center in Snellville, GA. The property is located on an outparcel in front of the Snellville Pavilion on the busy retail corridor of Scenic Hwy. The Snellville Pavilion is anchored by Kohl’s, Belk, Big Lots and other major retailer stores. Service Street is in year 12 of their initial 20-year term and has proven to be an excellent tenant with an unblemished payment history.
The building includes six bays (four with in-ground lifts), two oil change pits, small office area, waiting room and separate bathrooms for employee and customer use.
Scenic Highway is a dense retail corridor that includes major retailers such as Target, Publix, Walmart, Sam’s Club, Home Depot and more. The area boasts excellent demographics with an average household income of $100,000 in 2021.
