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118 Steven B Tanger Blvd 1,725 SF Retail Building Commerce, GA 30529 $1,906,941 ($1,105.47/SF) 8% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE – This lease provides zero landlord responsibilities, providing an investor with 100% passive income
- GROVE CREEK DEVELOPMENT – Recently proposed development project entails nearly 1,200 residential units
- HIGHLY TRAFFICKED LOCATION – The Sonic property is located near the on/off ramp to the I-85 highway, which sees a daily traffic count of ±62,000
- STRONG BRAND RECOGNITION – With ±3,500 locations across 47 states and U.S. territories, an investor would benefit from Sonic’s national customer base
- RECENT INDUSTRIAL DEVELOPMENT – Recently, PepsiCo opened a 172,000 square foot distribution/warehouse center in Commerce, GA
Executive Summary
Name
Maxx Bauman
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 80041, 451849 (GA)
Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Phone
(866) 889-0550
Maxx Bauman
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 80041, 451849 (GA)
Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,725 SF
Building Class
C
Year Built
2004
Price
$1,906,941
Price Per SF
$1,105.47
Cap Rate
8%
NOI
$152,555
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.09 AC
Zoning
C2 - Commercial
Parking
42 Spaces (24.35 Spaces per 1,000 SF Leased)
Frontage
484’ on STEVEN B TANGER BLVD
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | B54D052 | Improvements Assessment | $221,179 |
| Land Assessment | $176,400 | Total Assessment | $397,579 |
Property Taxes
Parcel Number
B54D052
Land Assessment
$176,400
Improvements Assessment
$221,179
Total Assessment
$397,579
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118 Steven B Tanger Blvd
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