True Automotive Decatur (NNN Investment) | 257 Dekalb Industrial Way
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True Automotive Decatur (NNN Investment) 257 Dekalb Industrial Way
19,350 SF Industrial Building Decatur, GA 30030 £3,059,404 (£158/SF) 7% Net Initial Yield
Investment Highlights
- Single tenant / ±19,350 SF freestanding auto repair building, strategically located on Dekalb Industrial Way in Decatur, GA
- Absolute NNN Lease / Corporate Guaranty
- Four 5-year options to extend at 10% increases
- This facility underwent significant interior renovations in 2024 of approximately $250,000 in cost
- 15 Year Initial Lease Term
- Occupied by TRUE Automotive, an upscale and rapidly expanding auto repair brand under the SimplyTrue Automotive Group umbrella
Executive Summary
Rise Property Group is pleased to bring True Automotive Decatur to market for sale. This exceptional investment opportunity features a single-tenant, ±19,350 SF freestanding auto repair building, strategically located on Dekalb Industrial Way in Decatur, GA. The property spans approximately 1.69 acres and boasts a reliable, income-producing tenant. The property has ±40 parking spaces and produces an NOI of $271,430. 10% of the property is subleased for $42,000 annually with no front access. Recent improvements include a comprehensive renovation totaling $250,000, covering both aesthetic enhancements and critical system upgrades. Key improvements include renovating the lobby, ensuring a turnkey investment opportunity for any buyer or investor.
Attractive Income-Producing Opportunity: TRUE Automotive operates under a corporate- guaranteed, Triple Net (NNN) lease, with the tenant responsible for all property expenses. The lease features an initial 15-year term with 10% rent escalations every five years, and multiple 5-year renewal options with the same 10% escalations. These provisions are ideal for investors seeking to hedge against inflation and future holding costs.
Attractive Income-Producing Opportunity: TRUE Automotive operates under a corporate- guaranteed, Triple Net (NNN) lease, with the tenant responsible for all property expenses. The lease features an initial 15-year term with 10% rent escalations every five years, and multiple 5-year renewal options with the same 10% escalations. These provisions are ideal for investors seeking to hedge against inflation and future holding costs.
Property Facts
Amenities
- Fenced Lot
PROPERTY TAXES
Parcel Number | 18-008-04-006 | Improvements Assessment | £532,301 |
Land Assessment | £86,654 | Total Assessment | £618,955 |
PROPERTY TAXES
Parcel Number
18-008-04-006
Land Assessment
£86,654
Improvements Assessment
£532,301
Total Assessment
£618,955
zoning
Zoning Code | M-1 (Light Industrial) |
M-1 (Light Industrial) |
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True Automotive Decatur (NNN Investment) | 257 Dekalb Industrial Way
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