241 Collins Ind Blvd

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241 Collins Ind Blvd

Athens, GA 30601
Asking Price
$4.22M
Cap Rate
6.5%
Asset Type
Flex Industrial
Class
Class B

What's Special

Industrial | 6.50% CAP | 12,600 SqFt <p>•Corporate Credit Tenant – Property is leased to Lamar Advertising Company, a publicly traded REIT (NASDAQ: LAMR) with a long operating history and national platform.</p><p>•Long-Term Absolute NNN Lease – Approximately 9.25 years of remaining lease term with zero landlord responsibilities, providing a fully passive investment structure.</p><p>•Modern Build-to-Suit Facility – Constructed in 2020, the property features contemporary improvements designed specifically for tenant operational needs

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NOI
$80,000
Cap Rate
1.89%
DSCR
0.32
Underwater
Cash-on-Cash
-13.47%
Monthly Payment
$20,888.152
Annual Cash Flow
$-170,657.829

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