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OTHER · For Sale

2764 Highway 411 SE, Fairmount Active

3 views · 1 this week

Asking price
$695,000
Price / SF
$231.36
Cap rate
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Sale type
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Property type
OTHER
Property subtype
OTHER
Building class
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Building size
3,004 sq ft
Year built
1988
NOI
—
Tenancy
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Building height
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Building FAR
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Lot size
0.78 acres
Zoning
Commercial
Frontage
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Listing #
EN-3211
MLS #
10526303

100% Leased Investment Property - Ideal for 1031 Exchange Turnkey investment opportunity with two long-term, established tenants and immediate income. This fully remodeled property (2024) offers stable, triple-net (NNN) lease with 5% annual rent escalations, making it a perfect addition to any investment portfolio. Tenant 1: Reputable, long-established funeral home Brand-new 5-year lease with multiple renewal options Triple-net lease (NNN) with 5% annual increases Tenant 2: Synovus Bank Fresh 5-year lease term with renewal options 5% annual rent escalations Total Annual Net Operating Income (NOI): $51,030.00 All the heavy lifting has been done-fully leased, recently renovated, and generating steady cash flow. A rare, hassle-free opportunity for passive investors and ideal for a 1031 exchange.

Location

GAMLS
Listed by Performance Real Estate Services
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10526303

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