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Towne Lake Multi-Tenant 4477 Towne Lake Pky 8,913 SF 100% Leased Retail Building Woodstock, GA 30189 $4,161,000 ($466.85/SF) 6% Cap Rate
Investment Highlights
- 100% Occupied NNN Multi-Tenant | Recently Renovated |New Leases Between 6 and 10 Years | Mix of National Tenants | 5 Year Options
- Strong Demographics In 5-Mile Trade Area
- Corner Location | Primary Thoroughfare | Adjacent to Centers Extensive Frontage and Visibility
Executive Summary
• 100% occupied multi-tenant building fully leased to four tenants
• Diverse mix of tenants, providing a stable diversified income stream
• National tenants include: Jimmy Johns, HotWorx, Fyzical, and Wellstar
• All tenants are on long term leases between six years and ten years
• Jimmy Johns and HotWorx are on 10 year leases
• Fyzical is on a 75 month lease
• Wellstar Walk-In Urgent care, occupies the majority of the building (36.7%) and is on a 96 month lease
• All tenants have scheduled rental increases
• All tenants have 2 (5-Year) options
• The building has been recently renovated
• All tenants are on NNN leases with minimal landlord responsibilities
• Diverse mix of tenants, providing a stable diversified income stream
• National tenants include: Jimmy Johns, HotWorx, Fyzical, and Wellstar
• All tenants are on long term leases between six years and ten years
• Jimmy Johns and HotWorx are on 10 year leases
• Fyzical is on a 75 month lease
• Wellstar Walk-In Urgent care, occupies the majority of the building (36.7%) and is on a 96 month lease
• All tenants have scheduled rental increases
• All tenants have 2 (5-Year) options
• The building has been recently renovated
• All tenants are on NNN leases with minimal landlord responsibilities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,913 SF
Building Class
C
Year Built
1994
Price
$4,161,000
Price Per SF
$466.85
Cap Rate
6%
NOI
$249,653
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.03 AC
Zoning
PUD - Planned Unit Development
Parking
49 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 015N04-00000-059-00D-0000 | Improvements Assessment | $644,156 |
| Land Assessment | $155,844 | Total Assessment | $800,000 |
Property Taxes
Parcel Number
015N04-00000-059-00D-0000
Land Assessment
$155,844
Improvements Assessment
$644,156
Total Assessment
$800,000
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Towne Lake Multi-Tenant | 4477 Towne Lake Pky
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