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Griffin, GA - Yancey CAT Industrial
2986 Ethridge Mill Rd | Griffin, GA 30224
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Yancey Brands investment property located in Griffin, Georgia. The tenant, Yancey Brands (34+ locations in GA), recently signed a brand new 3 year lease with 2 (2-year) options to extend, demonstrating their commitment to the site. The site is an expansion location for the tenant, who own and occupy an adjacent property in the market. The lease features 3% annual increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Furthermore, the site has approximately 1.75 acres of usable industrial outdoor storage (IOS).
Location
The subject property is located just off of US Highway 41/Peach Blossom Trail which averages over 10,600 vehicles passing by daily. US Highway 41 is a major retail thoroughfare serving the city of Griffin. Griffin hosts manufacturing and distribution sites for several credit manufacturing companies, including Caterpillar, Bridgestone, Perkins, International Paper, Rinnai America, and many others. Griffin also is home to Spalding Village Shopping Mall, a Hobby Lobby and Ollie’s Bargain Outlet anchored center featuring national/credit tenants such as Ross, Chipotle, Mattress Firm, T-Mobile, KFC, Burger King, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a The Home Depot, Lowe’s Home Improvement, Kroger, Planet Fitness, Taco Bell, Domino’s, Harbor Freight, Tractor Supply and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 28,500 residents with 12,400 employees and an affluent average household income of $148,476 within 1 mile.