December 20, 2023 – Zach Smith of Horvath & Tremblay has successfully completed the sale of a Tires Plus in Jonesboro, Georgia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,850,000.
The Tires Plus is located at 7861 Tara Boulevard in Jonesboro, Georgia. The stand-alone building was constructed in 2000 and consists of 6,832 square feet and sits on a 1-acre parcel of land. Tire Kingdom has operated at this location for 24 years and has 2 years remaining on their Absolute NNN Lease. The lease is guaranteed by Bridgestone Retail Operations, LLC. The Property is strategically located on Tara Boulevard (US Highway 19 & 41), the area’s primary commercial corridor, and is seconds from the intersection with GA Highway 138, a primary commuter road. The Property benefits from outstanding visibility and access and is surrounded by national retailers that drive traffic to the area. The Property sees more than 52,900 vehicles per day along Tara Boulevard and is 10-miles from Atlanta Hartsfield-Jackson International Airport, and 15-miles from Atlanta’s Central Business District.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.