5 Year NNN Leased Investment 3632 Satellite Blvd 4,166 SF Retail Building Duluth, GA 30096 $2,790,400 CAD ($669.80 CAD/SF) 6% Cap Rate

For sale is an absolute net leased investment with term through October 31, 2029. The NNN lease has fixed annual rent of $120,000. The lease has one option to renew for 5 years with a 2% fixed rent increase. The 4,166 SF+- eight bay auto repair building was originally built for Midas in 1986 on 0.57 acres and is zoned C-2 in (Gwinnett County jurisdiction). The site is highly visible on Satellite Boulevard with a 20,500 daily traffic count. The location is in the heart of 7.2 million square foot heavily retailed corridor with excellent access to Interstate 85 in rapidly growing Gwinnett County of northeast metro Atlanta. The City of Duluth is one of the fastest-growing communities in Georgia with 259,000+ population in a 5 mile radius and 16.64% growth between 2010-2020.
The tenant, D and C Tires Auto Service is a ten year old business providing providing tire sales and repairs direct to vehicle owners and as well as fleet servicing for businesses, plus high margin after-market upgrades. The bilingual ASE-certified repair staff serve a county with the highest concentration of Hispanic and Asian communities in the metro area.