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Miscellaneous

The American Freight Building

1708 Wylds Rd, Augusta, GA 30909

Listing Price: $1,590,812

Cap Rate
8.25%
Tenant Name
American Freight
Years Remaining On Lease
5.6
Gross SF
38,700
Guarantor
Corporate Guarantee
Rentable SF
38,700
Price/Gross SF
$41.11
Lease Type
Absolute Net
Rent Per Square Feet
$3.39

Investment Overview

Marcus & Millichap is pleased to present The America Freight Building, a 38,700 square-foot single tenant
occupied building located at 1708 Wylds Road in Augusta, Georgia. Wylds Road is a major north/south throughfare
just east of Interstate 520 and surrounded by nationally recognized tenants such as Augusta Coca Cola Bottling
Plant, Dick’s Sporting Goods. Dillards, Davita Dialysis, Waffle House, Hampton Inn, Ramada… and many more.
American Freight Furniture warehouse has successfully operated in this location since January 1, 2015 on an
absolute triple net lease with 1 percent annual rent increases. The lease runs thru December 31, 2024 and
the tenant has 2-5 year renewal options. American Freight is part of The Franchise Group, a publicly traded
(NASDAQ: FRG) retail conglomerate with over 3,000 locations across North America operating under banners
such as American Freight (365+ locations), Pet Supplies Plus (625+ locations), The Vitamin Shoppe (700+
locations), Buddy’s Home Furnishings (285+ locations), Sylvan Learning Centers ( 700+ locations), Babcock
Furniture & More ( 380 locations) and Wag N’ Wash ( 15 locations) with global sales in excess of 4 Billion dollars
and a market cap above $1.4 Billion Dollars.
The American Freight Building offers an investor the opportunity to acquire an absolute triple net asset with no
management responsibility whatsoever, from a nationally recognized tenant paying significantly below market
rent, below replacement cost and a very attractive 7.5 percent cap rate.

Investment Highlights

  • Major Retail Corridor
  • Below Replacement Cost
  • Nationally Recognized Retailer Paying well Below Market Rent!

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Miscellaneous

The American Freight Building

Listing Price: $1,590,812

Cap Rate
8.25%
Tenant Name
American Freight
Years Remaining On Lease
5.6
Gross SF
38,700
Guarantor
Corporate Guarantee
Rentable SF
38,700
Price/Gross SF
$41.11
Lease Type
Absolute Net
Rent Per Square Feet
$3.39

Investment Highlights

  • Major Retail Corridor
  • Below Replacement Cost
  • Nationally Recognized Retailer Paying well Below Market Rent!

Investment Overview

Marcus & Millichap is pleased to present The America Freight Building, a 38,700 square-foot single tenant occupied building located at 1708 Wylds Road in Augusta, Georgia. Wylds Road is a major north/south throughfare just east of Interstate 520 and surrounded by nationally recognized tenants such as Augusta Coca Cola Bottling Plant, Dick’s Sporting Goods. Dillards, Davita Dialysis, Waffle House, Hampton Inn, Ramada… and many more. American Freight Furniture warehouse has successfully operated in this location since January 1, 2015 on an absolute triple net lease with 1 percent annual rent increases. The lease runs thru December 31, 2024 and the tenant has 2-5 year renewal options. American Freight is part of The Franchise Group, a publicly traded (NASDAQ: FRG) retail conglomerate with over 3,000 locations across North America operating under banners such as American Freight (365+ locations), Pet Supplies Plus (625+ locations), The Vitamin Shoppe (700+ locations), Buddy’s Home Furnishings (285+ locations), Sylvan Learning Centers ( 700+ locations), Babcock Furniture & More ( 380 locations) and Wag N’ Wash ( 15 locations) with global sales in excess of 4 Billion dollars and a market cap above $1.4 Billion Dollars. The American Freight Building offers an investor the opportunity to acquire an absolute triple net asset with no management responsibility whatsoever, from a nationally recognized tenant paying significantly below market rent, below replacement cost and a very attractive 7.5 percent cap rate.

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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