Investment Overview
4641 Georgetown Road NW is a brand-new 6,000 SF Ziebart facility situated on 1.02 acres in Cleveland, Tennessee. The property is 100% leased to a Ziebart franchise operator, under a 15-year absolute NNN lease with a personal guaranty, ±10% rental increases every five years, and two 5-year renewal options. The investment offers a 6.50% cap rate and $126,000 in initial annual NOI, with minimal landlord responsibilities and long-term contractual income.
Investment Highlights
- Brand New Construction
- 15-Year Absolute NNN Lease
- Passive Investment Opportunity
- Strong Tenant Commitment | Personal Guarantee
- Stable Automotive Service Industry
- Location Benefits from a $75M TDOT Project
- Surrounded by New Development | Food City, Dollar General, Candy's Creek Cherokee Elementary