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5575 Frontage Rd 25,537 SF Industrial Building Forest Park, GA 30297 $7,061,000 ($276.50/SF) 6.60% Cap Rate
Executive Summary
Current Real Estate Advisors is pleased to present the opportunity to acquire the Lyft Service Center in Forest Park (Atlanta MSA), GA (the "Property")—a freestanding ±25,537 SF industrial/flex building situated on 2.07 acres. Positioned less than two miles from Hartsfield-Jackson Atlanta International Airport—the world's busiest airport with 108MM+ passengers annually—the Property benefits from exceptional visibility and frontage along I-75, which experiences 207,000+ VPD.
Lyft has demonstrated a strong commitment to this location, recently renewing its lease for an additional 5 years, underscoring the Property's operational importance within Lyft's network and the site's strong performance. The lease features 3% annual rent escalations and minimal landlord responsibilities, providing investors with stable, inflation-hedged cash flow.
This offering represents a rare opportunity to acquire mission-critical real estate in a high-barriers-to-entry submarket within immediate proximity to Hartsfield-Jackson Atlanta International Airport. The location benefits from robust demand drivers, significant logistical synergies, and a deep roster of industrial, logistics, and transportation-oriented tenants seeking proximity to the airport corridor.
Mission Critical Location - This facility serves as a hub for Lyft's driver operations across the greater ATL MSA, providing essential services to support its fleet in proximity to ATL Airport (the nation's busiest airport with 108MM+ annual passengers)
Secure + Steady Income Stream - Backed by Lyft, Inc. (NASDAQ: LYFT), a publicly traded national operator, the Property provides investors with a secure and reliable income stream, minimal landlord responsibilities, and a proven tenant with a demonstrated, long-term commitment to the location
Robust RE Fundamentals - Positioned within an infill industrial corridor less than 2 miles from the ATL Airport, the Property is situated in a high-demand, supply-constrained submarket where limited land creates significant barriers to entry for tenants and operators seeking airport adjacency
Surrounding Market Synergies - Benefits from a highly synergistic industrial and logistics corridor, with notable neighboring tenants including JC Penney Logistics Center (2MM+ SF), Georgia DOT, Del Monte, Georgia Power, The Clorox Company, DHL, and several other prominent operators
Lyft has demonstrated a strong commitment to this location, recently renewing its lease for an additional 5 years, underscoring the Property's operational importance within Lyft's network and the site's strong performance. The lease features 3% annual rent escalations and minimal landlord responsibilities, providing investors with stable, inflation-hedged cash flow.
This offering represents a rare opportunity to acquire mission-critical real estate in a high-barriers-to-entry submarket within immediate proximity to Hartsfield-Jackson Atlanta International Airport. The location benefits from robust demand drivers, significant logistical synergies, and a deep roster of industrial, logistics, and transportation-oriented tenants seeking proximity to the airport corridor.
Mission Critical Location - This facility serves as a hub for Lyft's driver operations across the greater ATL MSA, providing essential services to support its fleet in proximity to ATL Airport (the nation's busiest airport with 108MM+ annual passengers)
Secure + Steady Income Stream - Backed by Lyft, Inc. (NASDAQ: LYFT), a publicly traded national operator, the Property provides investors with a secure and reliable income stream, minimal landlord responsibilities, and a proven tenant with a demonstrated, long-term commitment to the location
Robust RE Fundamentals - Positioned within an infill industrial corridor less than 2 miles from the ATL Airport, the Property is situated in a high-demand, supply-constrained submarket where limited land creates significant barriers to entry for tenants and operators seeking airport adjacency
Surrounding Market Synergies - Benefits from a highly synergistic industrial and logistics corridor, with notable neighboring tenants including JC Penney Logistics Center (2MM+ SF), Georgia DOT, Del Monte, Georgia Power, The Clorox Company, DHL, and several other prominent operators
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $7,061,000 | No. Stories | 2 |
| Price Per SF | $276.50 | Year Built/Renovated | 1968/2021 |
| Sale Type | Investment NNN | Tenancy | Single |
| Cap Rate | 6.60% | Parking Ratio | 7.83/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15’ |
| Property Subtype | Service | No. Dock-High Doors/Loading | 9 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 2.08 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 25,537 SF | ||
| Zoning | HI | ||
| Price | $7,061,000 |
| Price Per SF | $276.50 |
| Sale Type | Investment NNN |
| Cap Rate | 6.60% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 2.08 AC |
| Rentable Building Area | 25,537 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2021 |
| Tenancy | Single |
| Parking Ratio | 7.83/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | HI |
Amenities
- Mezzanine
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 13-00084-085-007 | Improvements Assessment | $1,496,760 |
| Land Assessment | $82,760 | Total Assessment | $1,579,520 |
Property Taxes
Parcel Number
13-00084-085-007
Land Assessment
$82,760
Improvements Assessment
$1,496,760
Total Assessment
$1,579,520
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