2764 Highway 411 SEFairmount, GA 30139
None · Gordon County
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
Listing Courtesy: Performance Real Estate Services - 4048820651
