8108 Highway 85, Riverdale, GA
Retail for Sale - $775,000 - 9,600 Sq. Ft. on 37897 acres
Property Info
CIMLS# | 802306 |
Location 8108 Highway 85 Riverdale GA 30274 | |
Updated | November 7th, 2015 |
Type | Retail |
Price | $775,000 |
Building | 9,600 Sq. Ft. |
Land | 37897 acres |
Property Description
This 9,600 square foot multi-tenant auto related investment is 100% leased to two tenants occupying the property for over 6 and 12 years. Each tenant leases 50% of the property or 4,800 square feet each. Unit A is leased to an automotive repair business. Units B, C & D are leased to a shop specializing in customized vehicles including paint, interiors, wheels, audio and security systems.
The building is column free steel frame, concrete block exterior with metal roof originally built in 1985 on .87 acres with 40+ parking, zoned general business. There are seven overhead doors, specially installed vehicular oil separator and holding tanks and separate septic system.
The stable occupancy offers reliable income and plus low maintenance with landlord repairs limited to roof, structure and foundation.
Also available at an attractive cap rate is a 2,400 square foot commercial property at 478 Upper Riverdale Rd (within 10 minutes), leased to a long term tenant.
Location Description:
Located in Riverdale on Highway 85 at Webb Road with a daily traffic count of 38,000+ vehicles and 200 feet of frontage, the property benefits from a traffic light corner site with high visibility on a four lane highway. Nearby retailers include Walmart Supercenter and Home Depot.
Highlights:
>> Freestanding 100% leased multi-tenant
>> Stable auto related tenants for 6 and 12 years
>> .87 acre signalized corner on 4 lane Highway 85
>> 38,000+ traffic count / 67,000+ pop. 3 mi.
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Financials
Sales Info:
>> Commision split: 8.0%