Net Lease Investment Opportunity | TitleMax | 6.6% Cap Rate
5970 Old Dixie Hwy
Forest Park, GA 30297
Highlights
- Rare “bite-size” NNN national tenant based in Savannah, GA with 2% annual rent increases!
- Operating at this location since 2007 with lease and options through December 2037
- High barriers to entry with moratorium on opening future title lending businesses in Forest Park
- Traffic counts more than 20K VPD and five-mile population over 186,000
- Projected population growth through 2028 of 2.12%
- Vibrant trade area close to major interstates and Hartsfield-Jackson International Airport
Description
This rare “bite-size” NNN investment property is in Forest Park, GA in the Atlanta MSA. Savannah, GA based TitleMax opened this location in December of 2007 under a 30-year NNN lease. Investor yield is enhanced by 2% annual rent increases.
This location benefits from a moratorium on opening additional title-lending firms in the municipality. The ±2,971 SF store is located on a ±0.89-acre site on a major retail artery with traffic counts of 20,200 VPD. This densely populated area has a 5-mile population of 186,657 with an average household income of $57,048. Growth projections continue at 2.12% through 2028.
Forest Park, located in Clayton County, GA, the southern portion of the Atlanta MSA, is less than 10 minutes from Atlanta’s Hartsfield-Jackson International Airport. The site is half a mile north of Interstate 75 and 3.2 miles south of Interstate 285. The immediate area has many retail establishments, residential neighborhoods & apartments, churches, Public Storage, a Travelodge and a Super 8 Motel. Clayton State University, Southlake Mall and Southern Regional Medical Center are all within 5 miles of the property.
TitleMax, opened its first location in 1998 and now has over 900 locations in 14 states. It is one of the largest title lending companies in the U.S. and fully guarantees this lease.
Forest Park, GA
