This property is for sale at a 8.1% projected return as a 100% leased multi-tenant automotive service center with 14,220 square feet on 1.4 acres zoned C-2 in unincorporated Dekalb County. The fenced corner lot has two buildings. The first building with 8,120 SF fronting Covington Highway has 4 rental units with 16 bays: 7 bays on front and 9 bays on rear. The second building is a 6,060 SF auto body and paint shop with 5 bays and includes a paint booth. The property has a billboard lease providing additional income. Covington Highway has a 29,000+ daily traffic count.
Highlights
8.1% cap rate 100% leased multi-tenant automotive investment
14,220 SF total in 2 buildings
8,120 SF front bldg 4 units 16 total bays
6,060 SF rear bldg 5 bays auto body w/ paint room
1.4 acre parcel zoned C-2
Corner parcel, fenced 188 feet of frontage
Billboard lease income
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