2764 Highway 411 SEFairmount, GA 30139

Description

100% Leased Investment Property - Ideal for 1031 Exchange Turnkey investment opportunity with two long-term, established tenants and immediate income. This fully remodeled property (2024) offers stable, triple-net (NNN) lease with 5% annual rent escalations, making it a perfect addition to any investment portfolio. Tenant 1: Reputable, long-established funeral home Brand-new 5-year lease with multiple renewal options Triple-net lease (NNN) with 5% annual increases Tenant 2: Synovus Bank Fresh 5-year lease term with renewal options 5% annual rent escalations Total Annual Net Operating Income (NOI): $51,030.00 All the heavy lifting has been done-fully leased, recently renovated, and generating steady cash flow. A rare, hassle-free opportunity for passive investors and ideal for a 1031 exchange.

Property Information

Property type

Commercial Sale

Year built

1988

Building area

3,004 Sq Ft

Lot size

0.78 acres

Days on market

498

MLS^® Listing#

10526303

Property Features

Interior

High Speed Internet

Cooling

Central Air · Electric

Heating

Central · Electric · Heat Pump · Natural Gas

Parking

Drive Through · Parking Lot · Paved

Lot features

City Lot · Corner Lot · Level

Construction

Block · Brick

Roof

Other · Tar/Gravel

Utilities

Cable Available · Electricity Available · Natural Gas Available · Phone Available · Sewer Available · Water Available

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$4,250Tax year 2024

Parcel number

F05Z 020

Directions

Downtown Fairmount right off Highway 411