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3494 Marietta Hwy
Canton, GA 30114
Martin's Canton · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with annual rent increases
- 2.2 MSF of retail, 2.1 MSF of industrial and 3,249 multifamily units within a 3-mile radius
- Located along Marietta Highway (18,100 VPD), less than a mile from the on-ramp to Interstate 575 (72,500 VPD)
- Average annual household income of $123,999 within a 3-mile radius
Executive Summary
CBRE is pleased to offer for sale the 2,720-square-foot Martin's Restaurant situated on 1.40 acres in Canton, GA - a component of the Atlanta MSA (Population: 6.4M+). Martin’s absolute NNN lease features ±18 years of term remaining with four, 5-year renewal options. On each anniversary of July 1st throughout the initial term and renewal options, rent increases by the greater of (i) 2% or (ii) the change in CPI (not to exceed 3%).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,720 SF
Building Class
B
Year Built
2019
Price
$2,556,700
Price Per SF
$939.96
Cap Rate
7%
NOI
$178,967
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.40 AC
Zoning
GC - Commercial
Frontage
228’ on Marietta Highway
Amenities
- 24 Hour Access
- Freeway Visibility
- Signage
- Drive Thru
- Air Conditioning
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