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Auto Service - Gas-Conv

Alpha Automotive

333 Stanley K Tanger Blvd, Locust Grove, GA 30248

Listing Price: $2,800,000

Cap Rate
6.25%
Tenant Name
NR Automotive Inc.
Guarantor
Corporate Guarantee
Rentable SF
5,780
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.28

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Alpha Automotive located at 333 Stanley K Tanger Blvd in Locust Grove, Georgia. The site consists of roughly 5,780 rentable square feet of building space on estimated 0.63-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 $175,000 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

Financing By

Auto Service - Gas-Conv

Alpha Automotive

Listing Price: $2,800,000

Cap Rate
6.25%
Tenant Name
NR Automotive Inc.
Guarantor
Corporate Guarantee
Rentable SF
5,780
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.28

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 333 Stanley K Tanger Blvd in Locust Grove, Georgia. The site consists of roughly 5,780 rentable square feet of building space on estimated 0.63-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 $175,000 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

Financing By

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