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.