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Parachute Plasma 1301 N Express Way 4,005 SF Retail Building Griffin, GA 30223 $4,305,253 ($1,074.97/SF) 7.50% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Attractive Rental Increases
- Recession Proof Tenant
- Growing Credit
- FDA Licensed Operator and Location
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 1301 N Express Way, Griffin, GA 30223. The site consists of roughly 6,010 rentable square feet of building space on an estimated 1.37-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon the Close of Escrow*. The current annual rent is $322,894 and has scheduled increases of 2.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,005 SF
Building Class
B
Year Built
2005
Price
$4,305,253
Price Per SF
$1,074.97
Cap Rate
7.50%
NOI
$322,894
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.37 AC
Zoning
PCD - Planned Commercial Development
Frontage
150’ on Express Way
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 066-01-065 | Improvements Assessment | $533,106 |
| Land Assessment | $238,708 | Total Assessment | $771,814 |
Property Taxes
Parcel Number
066-01-065
Land Assessment
$238,708
Improvements Assessment
$533,106
Total Assessment
$771,814
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Parachute Plasma | 1301 N Express Way
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