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356 Peachtree Street, Pelham, GA 31779
Industrial Investment Income Property with 11 Years Remaining, 7.8% Cap Rate
Property Type |
Flex Space, Investment, Warehouse |
Status |
For Sale |
Sale Price |
$1,015,000 |
Acreage |
+/- 6.4 Acre(s) |
Square Feet |
+/- 51,700 Square Feet |
Zoning |
General Commercial |
County |
Mitchell |
Tax Map |
P0150-155-000, P0150-155-B00, P0160-104-000 |
Property Features
- NNN Lease in place with 11 years remaining on initial term
- Tenant is national tire wholesaler with multiple sites
- 7.8% CAP Rate
- $79,200 NOI beginning in July 2024 with 10% increases every 2 years (currently $72,000)
- 51,700 SF of industrial warehouse with multiple docks on 6.4 acre lot for parking, yard use, industrial outdoor storage (IOS), or warehouse expansion of 40-50K SF
- 6.4 acres includes 4.07 acre separate parcel with significant road frontage not encumbered by current lease which can be developed for additional income opportunity or owner use
- Listing co-represented by Terry Howe & Associates, Inc. - 864-268-4399 - https://terryhowe.com/
