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Investment Highlights

  • 4 fully leased metro locations in Columbus, Conyers, Forest Park, and Macon, GA.
  • 5+ years remaining on net leases with annual rent increases and options.
  • Nearly 59,000 total SF with locations ranging in size from ±6,800 SF to ±22,000 SF.
  • Offered at an 8% cap rate at $5,260,000 or $89.53/SF.

Executive Summary

The Parts House (TPH) including its sister company, XL Parts, have 220 locations across the US and Puerto Rico. There are 14 locations in GA of which 4 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.

The Portfolio consists of four single tenant net leased locations, operated by TPH in Georgia’s largest MSA’s including Columbus, Conyers, Forest Park, and Macon totaling nearly 59,000 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 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.

Georgia remains one of the most desirable industrial markets in the US with low vacancy rates with average cap rates of the 6% – 6.5%. The TPH portfolio is aggressively priced at an 8% cap rate or $5,260,000 at $89.53/ SF.

Property Facts

Price $5,260,200
Price / SF $93.25 / SF
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 56,411 SF
Total Land Area 4.95 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
4100 14th Ave, Columbus, GA 31904 Industrial 22,436 SF 1955 -
1231 Green St, Conyers, GA 30012 Industrial 6,800 SF 1999 -
931 Main St, Forest Park, GA 30297 Industrial 11,595 SF 1965 -
356 Walnut St, Macon, GA 31201 Industrial 15,580 SF 1945 -
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  • Listing ID: 37990555

  • Date on Market: 10/8/2025

  • Last Updated:

  • Address: Metro Industrial 4-Property Portfolio, Forest Park, GA

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