Highlights

• S&P 'A-' Rated Tenant at above an 8% CAP
• Only $830,000 required to purchase
• Assumable NON-RECOURSE debt in place at a 5.07% interest rate

• Own the property almost free and clear in 9 years
• Perfect for a 1031 investor, family trust, or commercial real estate investor
• Outparcel to a Publix anchored center, across from a Walgreens

Description

-S&P: A- Credit Tenant at over an 8% CAP.

-Only $830k in equity to purchase at asking

-Assumable Non-Recourse debt that is irreplaceable today. 5.07% interest rate.

-Opportunity to own the property almost free and clear in only 9 years ($310k loan balance at end of base lease/loan term)

-Since loan is almost fully amortizing and has 6 years burned off, principal reduction is really in effect now. For the remainder of the lease/loan term (9 years), Avg. total return with principal reduction is 17.11%

Nice retail corridor in growing metro Atlanta area. Outparcel to a Publix anchored center (with a Suntrust Bank), Walgreens across the street on opposite corner, Kroger anchored center across the street which has Chase Bank and Bank of North Georgia as outparcels.