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Atlanta MSA Net Leased Portfolio 2 Industrial Properties Offered at $2,420,000 in Multiple Locations
Executive Summary
The Parts House (TPH) including its sister company, XL Parts, have 220 locations across the U.S. and Puerto Rico. There are 14 locations in GA of which 2 are part of this portfolio sale. They are owned by Japan-based Marubeni, a publicly traded multi-national company of consolidated subsidiaries with US headquarters in New York City.
This Portfolio consists of two single tenant net leased locations, operated by TPH in the sought-after Atlanta MSA including Conyers and Forest Park totaling over 18,000 SF. The average operating history for each location is 20+ years.
Early lease extensions were executed for another 5 years, starting in September 2026 which include annual rent increases averaging over 2.5% and renewal options. TPH operates aftermarket parts distribution requiring warehouse space for inventory at these locations. Uniquely, the locations are situated in higher exposure, non-industrial areas, convenient for customers.
Highlights:
• Rare Net Lease Opportunity: This is a premier acquisition opportunity for 2 fully leased single tenant net leased distribution locations in densely populated Atlanta MSA featuring strong real estate and tenant.
• Recent Lease Extensions: Leases extended for 5+ years, with annual rent increases averaging over 2.5% including in option periods enabling a hedge against inflation.
• Proven Tenant: Average occupancy is over 20 years with low rents averaging $9.13/SF.
• Strong Submarket Fundamentals: Combined location totals of 18K SF, ±3.75 acres and average 5-mile population of 122,000.
• Outstanding Guarantor: The Parts House, U.S. subsidiary to multinational parent company, Marubeni (Tokyo, Japan).
• Ease of Landlord Oversight: Minimal landlord responsibilities with updated roofs in 2021 and clean 2021 Phase 1’s.
• Great 1031 or First Investment: Available at 7% Cap Rate / $2,420,000.
• Scale Your Investment: Two other Georgia metro locations available for sale with the same tenant.
This Portfolio consists of two single tenant net leased locations, operated by TPH in the sought-after Atlanta MSA including Conyers and Forest Park totaling over 18,000 SF. The average operating history for each location is 20+ years.
Early lease extensions were executed for another 5 years, starting in September 2026 which include annual rent increases averaging over 2.5% and renewal options. TPH operates aftermarket parts distribution requiring warehouse space for inventory at these locations. Uniquely, the locations are situated in higher exposure, non-industrial areas, convenient for customers.
Highlights:
• Rare Net Lease Opportunity: This is a premier acquisition opportunity for 2 fully leased single tenant net leased distribution locations in densely populated Atlanta MSA featuring strong real estate and tenant.
• Recent Lease Extensions: Leases extended for 5+ years, with annual rent increases averaging over 2.5% including in option periods enabling a hedge against inflation.
• Proven Tenant: Average occupancy is over 20 years with low rents averaging $9.13/SF.
• Strong Submarket Fundamentals: Combined location totals of 18K SF, ±3.75 acres and average 5-mile population of 122,000.
• Outstanding Guarantor: The Parts House, U.S. subsidiary to multinational parent company, Marubeni (Tokyo, Japan).
• Ease of Landlord Oversight: Minimal landlord responsibilities with updated roofs in 2021 and clean 2021 Phase 1’s.
• Great 1031 or First Investment: Available at 7% Cap Rate / $2,420,000.
• Scale Your Investment: Two other Georgia metro locations available for sale with the same tenant.
Property Facts
| Price | $2,420,000 | Number of Properties | 2 |
| Price / SF | $131.56 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 18,395 SF |
| Sale Type | Investment | Total Land Area | 3.78 AC |
| Status | Active |
| Price | $2,420,000 |
| Price / SF | $131.56 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,395 SF |
| Total Land Area | 3.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1231 Green St, Conyers, GA 30012 | Industrial | 6,800 SF | 1999 | - |
| 931 Main St, Forest Park, GA 30297 | Industrial | 11,595 SF | 1965 | - |
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