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Lazy Dog 10800 Haynes Bridge Rd 8,400 SF Retail Building Alpharetta, GA 30022 $6,934,000 ($825.48/SF) 6.85% Cap Rate
Investment Highlights
- 20-year base term lease featuring 10% rental increases every 5 years
- Signalized hard corner location at heavily trafficked intersection – 53,000+ VPD
- Sprawling Atlanta suburb with numerous commercial and residential projects in development
- Corporate guaranty from tenant’s parent company – Lazy Dog Restaurants, LLC
- Exposed to 7.5 million annual visitors of North Point Marketplace and North Point Mall
- Dense residential submarket – 206,0000 residents within a 5-mile radius of the subject property
Executive Summary
A 20-year absolute net Lazy Dog lease featuring 10% rental increases every 5 years and four, 5-year extension options. The subject property is located at the signalized hard corner intersection of Haynes Bridge Road and North Point Parkway, a major retail thoroughfare along which two of the most visited shopping centers in Georgia are situated – North Point Marketplace (4.1M annual visits) & North Point Mall (3.4M annual visits).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,400 SF
Building Class
C
Year Built
1995
Price
$6,934,000
Price Per SF
$825.48
Cap Rate
6.85%
NOI
$475,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.52 AC
Zoning
OI
Frontage
241’ on Haynes Bridge Rd
Amenities
- Bus Line
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-2730-0755-045-0 | Improvements Assessment | $1,027,320 |
| Land Assessment | $307,320 | Total Assessment | $1,334,640 |
Property Taxes
Parcel Number
12-2730-0755-045-0
Land Assessment
$307,320
Improvements Assessment
$1,027,320
Total Assessment
$1,334,640
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Lazy Dog | 10800 Haynes Bridge Rd
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