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Alpha Automotive

391 Hampton St, McDonough, GA 30253

Listing Price: $2,621,221

Cap Rate
6.25%
Tenant Name
NR Automotive Inc.
Guarantor
Corporate Guarantee
Rentable SF
7,826
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.93

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Alpha Automotive located at 391 Hampton Street in McDonough GA. The site consists of roughly 7,826 rentable square feet of building space on estimated 4.03-acre parcel of land. Alpha Automotive will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the Close of Escrow. The annual rent will be $163,826 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale Leaseback
  • Lease to Commence Upon Close of Escrow
  • Two Percent (2.00%) Rental Increases Occurring Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Auto Service - Gas-Conv

Alpha Automotive

Listing Price: $2,621,221

Cap Rate
6.25%
Tenant Name
NR Automotive Inc.
Guarantor
Corporate Guarantee
Rentable SF
7,826
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.93

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale Leaseback
  • Lease to Commence Upon Close of Escrow
  • Two Percent (2.00%) Rental Increases Occurring Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Alpha Automotive located at 391 Hampton Street in McDonough GA. The site consists of roughly 7,826 rentable square feet of building space on estimated 4.03-acre parcel of land. Alpha Automotive will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the Close of Escrow. The annual rent will be $163,826 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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