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Applebee's - Atlanta (Lithonia) GA 2945 Stonecrest Cir 5,241 SF Retail Building Lithonia, GA 30038 $4,369,000 ($833.62/SF) 7% Cap Rate
Investment Highlights
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- The Mall at Stonecrest | Stonecrest Marketplace
- Strong Demographics In 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
• Applebee’s corporate signed lease
• 6+ years remaining with 6 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1% annual increases throughout the initial term and option periods
• 6+ years remaining with 6 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1% annual increases throughout the initial term and option periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,241 SF
Building Class
C
Year Built
2002
Price
$4,369,000
Price Per SF
$833.62
Cap Rate
7%
NOI
$305,830
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.50 AC
Zoning
C1 - Commercial
Parking
90 Spaces (17.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
- Wheelchair Accessible
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-170-01-039 | Improvements Assessment | $812,064 |
| Land Assessment | $418,336 | Total Assessment | $1,230,400 |
Property Taxes
Parcel Number
16-170-01-039
Land Assessment
$418,336
Improvements Assessment
$812,064
Total Assessment
$1,230,400
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Applebee's - Atlanta (Lithonia) GA | 2945 Stonecrest Cir
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