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Net Lease

Fenix Auto Parts

2177 Athens Hwy, Gainesville, GA 30507

Listing Price: $6,000,000

Cap Rate
5.00%
Gross SF
39,500
Price/Gross SF
$151.90
Lot Size
34.21 acres
Year Built
1988
Rentable SF
39,500

Investment Overview

The subject property is a 39,500-square-foot facility sitting on 34.21 acres located off Interstate 985 on Athens Highway . There are over twelve years of lease term remaining, with three percent annual increases. The lease includes three, five-year options to renew, with a three percent increase upon each renewal. This site is mission critical for Fenix Parts because it is their largest sales center in the Southeast region. This location not only brings in a large percentage of sales, but also serves as a cross-dock distribution center for Fenix Parts. This site serves as a hub for the Alabama, Florida, and Carolina sites.

Investment Highlights

  • Largest Sales Center within the Southeast Region and One of the Fastest-Growing Stores within Fenix
  • Mission Critical Location for Fenix Parts
  • New 22,000-Square-Foot Warehouse Built in 2021
  • Room for Expansion with Fenix Parts

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Net Lease

Fenix Auto Parts

Listing Price: $6,000,000

Cap Rate
5.00%
Gross SF
39,500
Price/Gross SF
$151.90
Lot Size
34.21 acres
Year Built
1988
Rentable SF
39,500

Investment Highlights

  • Largest Sales Center within the Southeast Region and One of the Fastest-Growing Stores within Fenix
  • Mission Critical Location for Fenix Parts
  • New 22,000-Square-Foot Warehouse Built in 2021
  • Room for Expansion with Fenix Parts

Investment Overview

The subject property is a 39,500-square-foot facility sitting on 34.21 acres located off Interstate 985 on Athens Highway . There are over twelve years of lease term remaining, with three percent annual increases. The lease includes three, five-year options to renew, with a three percent increase upon each renewal. This site is mission critical for Fenix Parts because it is their largest sales center in the Southeast region. This location not only brings in a large percentage of sales, but also serves as a cross-dock distribution center for Fenix Parts. This site serves as a hub for the Alabama, Florida, and Carolina sites.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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