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MAACO (Long Term, Absolute Net Lease) 3759 Martinez Blvd

7,200 SF Retail Building Augusta, GA 30907 £1,305,127 (£181/SF) 6.75% Net Initial Yield

Investment Highlights

  • 3.7 Miles from Augusta National Golf Club and 8 Miles to Downtown Augusta
  • 1.4% Annual Increases Hedging Against Inflation
  • Dense Community with over 132,294 Residents in a 5 Mile Radius and Total Specified Consumer Spending $1.69 Billion
  • 12.5+ Years Remain on An Absolute Net Lease with Zero Landlord Responsibilities; May Qualify for Accelerated Deprecation
  • Strategically Positioned in an Automotive and Retail Care Dominated Corridor
  • Limited Competition in Area with only 2 Other National Collision Centers in a 4.5 Mile Radius

Executive Summary

Graystone Capital Advisors has been exclusively engaged to present for sale the fee-simple interest in a single-tenant Maaco located in Augusta, GA. The 7,200 square foot building is situated on 0.99 Acres.
Over 12.5 years remain on an absolute net lease with zero landlord responsibilities. Due to the Absolute Net lease structure, this asset may qualify for accelerated depreciation. The lease also features attractive 1.4% annual rent bumps to hedge inflation. There are three, five-year options.
The Subject Property is situated on Martinez Boulevard, Martinez Boulevard, where both River Watch Parkway (29,200 AADT) and Washington Road (32,400 AADT) connect via Baston Road (11,600 AADT). This location benefits from being surround by numerous new and used car dealership such as Acura, Toyota, Milton Ruben Superstore, Butler Automotive, Nissan, Infiniti, Lexus, GMC and Cadillac. It is also in the heart of Martinez’s main retail corridor home to national tenants such as McDonalds, Wendy’s, Circle K, Batteries Plus, Benjamin Moore, Sherwin William’s, Lowe’s, ALDI, Dollar Tree, and more. There are also several apartment buildings in close proximity fueling local consumer traffic such as Petersburg Square Apartments, Applecross Apartments and Woodbine West Condominiums.
The site has easy access to I-20 and I-520, two major Interstates running through Georgia. The site is also 3.7 Miles from the Augusta National Golf Course, home to the Master’s which generates $142 Million Annually per Forbes. Downtown Augusta is only 8 Miles away as well. The Augusta MSA itself has over 629,000 residents and is the third largest city in Georgia. In the immediate 5 Mile Radius surrounding the subject property there are 131,042 residents with an average household income of $102,278 within a 3 Mile Radius.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,200 SF
Building Class
C
Year Built
1992
Price
£1,305,127
Price Per SF
£181
Net Initial Yield
6.75%
NOI
£88,072
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
0.99 AC
Zoning
C-3
Parking
30 Spaces (6.21 Spaces per 1,000 SF Leased)
Frontage
189 ft on Martinez Blvd

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Service type
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Maaco Auto Painting & Collision Repair -- a part of the Driven Brands, Inc. family of automotive aftermarket franchise brands based in Charlotte, NC -- is America's #1 Bodyshop. Maaco provides automotive paint and cosmetic repair services for nearly 500,000 drivers annually. With independently owned and operated franchises across the United States and Canada, Maaco has restored the safety and appearance of more than 20 million vehicles over 40+ years. Maaco has been named a top automotive franchise numerous times by Entrepreneur Magazine in its Annual Franchise 500 ranking. In addition to other honors, Maaco has been included on Franchise Times' list of Top 200 franchises.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Service type - $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

Anytime Fitness
LongHorn Steakhouse
South State Bank
First Citizens Bank
Publix
Truist
Krystal
Golden Corral
Checkers
ALDI

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
082E073
Land Assessment
£87,567
Improvements Assessment
£26,576
Total Assessment
£114,143
  • Listing ID: 33773438

  • Date on Market: 06/11/2024

  • Last Updated:

  • Address: 3759 Martinez Blvd, Augusta, GA 30907

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