SQUARE FEET3,004
MLS#10526303
STATUSActive
PROPERTY TYPECommercial - Business
NEIGHBORHOODFairmount
Property Description
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): $49,950.00 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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Electric
Heating: Central, Electric, Heat Pump, Natural Gas
Lot Size: 0.78 Acres
Roof Type: Other, Tar/Gravel
Taxes: $4,250
Year Built: 1988
Feature Descriptions
Days on Site: 326
Exterior: Block, Brick
Parking Notes: Paved, Parking Lot, Drive Through
RoadFrontage: County Road, Highway, State Road
Sewer: Public Sewer
Topography: City Lot, Corner Lot, Level
Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water: Public
Listed By / Shown By
Listed By
Agency Name: Performance Real Estate Services
Agency Phone: 404-882-0651
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: GAMLS
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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2764 Highway 411 Se | MLS# 10526303
This commercial property located at 2764 Highway 411 Se, Fairmount, GA 30139 is currently listed for sale with an asking price of $695,000. Search Fairmount real estate on www.crye-leike.com today.