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1665 Highway 138 SE
Conyers, GA 30013
Discount Tire · Retail Property For Sale
Investment Highlights
- Single-tenant Discount Tire location leased to Halle Properties, L.L.C., providing long-term occupancy by an established automotive service tenant
- Long-term lease in place through October 31, 2031
- Major retail corridor with 45,000 cars passing per day.
- Absolute NNN lease structure with the tenant responsible for taxes, insurance, utilities, maintenance, repairs, and replacements
- Six additional 5-year renewal options, with 5% increases each option, providing the potential for long-term tenancy beyond the initial lease term
- Nearby retail tenants include Kroger, Publix, Target, LA Fitness, Sprouts, and many more.
Executive Summary
This investment opportunity consists of a single-tenant Discount Tire property located at 1665 Highway 138 in Conyers, Georgia. The property is leased to Halle Properties, L.L.C., for the operation of a Discount Tire/America’s Tire store. The lease commenced on October 13, 2011 through October 31, 2031, providing investors with long-term income from an established tenant. The lease is structured as an absolute NNN lease, which provides a passive ownership opportunity with limited landlord obligations and reduced exposure to operating expenses.
Conyers, Georgia is located approximately 24 miles east of downtown Atlanta on I-20, and serves as a growing suburban community within the Atlanta metropolitan area. The property is positioned along Highway 138, with 45,000 cars passing per day. The nearby trade area includes Publix, Kroger, Sprouts, Target, LA Fitness and many other national retailers.
Conyers, Georgia is located approximately 24 miles east of downtown Atlanta on I-20, and serves as a growing suburban community within the Atlanta metropolitan area. The property is positioned along Highway 138, with 45,000 cars passing per day. The nearby trade area includes Publix, Kroger, Sprouts, Target, LA Fitness and many other national retailers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,073 SF
Building Class
C
Year Built
1984
Price
$1,450,000
Price Per SF
$205.00
Cap Rate
5.75%
NOI
$83,349
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.03 AC
Zoning
BN
Parking
30 Spaces (4.24 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 075-0-01-0102 | Improvements Assessment | $549,520 |
| Land Assessment | $154,240 | Total Assessment | $703,760 |
Property Taxes
Parcel Number
075-0-01-0102
Land Assessment
$154,240
Improvements Assessment
$549,520
Total Assessment
$703,760
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