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Cascade Promenade 1075 Fairburn Rd 13,278 SF 100% Leased Retail Building Atlanta, GA 30331 $5,850,000 ($440.58/SF)
Investment Highlights
- * 100% Leased: 100% leased to six long term, established tenants.
- * NNN Lease: NNN lease structure with minimal landlord responsibilities.
- * Located in a premier retail corridor with strong national retailers.(Wal-Mart, Home Depot, Publix, Chick-fil-A, McDonalds, Starbucks, Walgreens...)
- * Stable Cash Flow: Stable cash flow with long term leases remain.
- * Diversified Tenants: Diversified mix of daily-need and service-oriented tenants.
- * Directly next to Chick-fil-A and across from Publix, enhancing traffic and visibility. Strong retail density supporting consistent consumer demand.
Executive Summary
PROPERTY OVERVIEW
This shopping center is well-maintained, fully leased and located within a premier retail corridor supported by strong national and regional retailers. The asset is 100% occupied by six long term tenants, providing stable in-place cash flow. The center benefits from a diversified mix of daily-need and service oriented tenants.
All leases are structured on a triple net(NNN) basis, with tenants responsible for real estate taxes, insurance and CAM expense, resulting in minimal landlord responsibilities.
This center is positioned near major national retailers. (Wal-Mart, Home Depot, Publix, Chick-fil-A, McDonalds, Starbucks, Walgreens and many other restaurants and retailers.)
It is directly next to Chick-fil-A, and across from Publix, with a high-traffic retail corridor with strong consumer draw and established retail synergy. Strong surrounding retail density supporting consistent consumer demand.
This shopping center is well-maintained, fully leased and located within a premier retail corridor supported by strong national and regional retailers. The asset is 100% occupied by six long term tenants, providing stable in-place cash flow. The center benefits from a diversified mix of daily-need and service oriented tenants.
All leases are structured on a triple net(NNN) basis, with tenants responsible for real estate taxes, insurance and CAM expense, resulting in minimal landlord responsibilities.
This center is positioned near major national retailers. (Wal-Mart, Home Depot, Publix, Chick-fil-A, McDonalds, Starbucks, Walgreens and many other restaurants and retailers.)
It is directly next to Chick-fil-A, and across from Publix, with a high-traffic retail corridor with strong consumer draw and established retail synergy. Strong surrounding retail density supporting consistent consumer demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,278 SF
Building Class
A
Year Built
2005
Price
$5,850,000
Price Per SF
$440.58
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.01 AC
Zoning
C1, County
Parking
82 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
380’ on Fairburn Rd
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14F-0010-LL-071-5 | Improvements Assessment | $682,000 |
| Land Assessment | $510,640 | Total Assessment | $1,192,640 |
Property Taxes
Parcel Number
14F-0010-LL-071-5
Land Assessment
$510,640
Improvements Assessment
$682,000
Total Assessment
$1,192,640
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America's Realty, Inc
Cascade Promenade | 1075 Fairburn Rd
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