5221 Lanier Islands Pky | Buford, GA 30518
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5221 Lanier Islands Pky
Buford, GA 30518
NNN West Marine · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Property Type: Single-tenant retail building occupied by a West Marine. Recently built in 2011
- Tenant Responsibilities: Property Taxes, Utilities, Maintenance Costs
- Nearby Lake Lanier & Holiday Marina (7.5 million annual visitors, 1,300 Boat Slips)
- Lease Terms: 10-year initial term (commencing in May 2011) with 3/ 5-year renewal options, 10% rent increases every 5 years
- Roof Maintenance Contract, Sprinkler Maintenance, Property Insurance (Paid by landlord, reimbursed by tenant)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,717 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.24 AC
Zoning
C
Parking
40 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
188’ on Friendship Rd
AMENITIES
- Dedicated Turn Lane
ABOUT 5221 LANIER ISLANDS PKY , BUFORD, GA 30518
- CAP: 5% - NOI: $193,257 - Single-tenant retail building occupied by a West Marine. Recently built in 2011 - Tenant on a 10-year lease (commencing in May 2011) with 3/ 5-year renewal options - Nearby Lake Lanier & Holiday Marina: 7.5 million annual visitors, 1,300 Boat Slips Download Offering Memorandum: https://facommercial.com/properties/?propertyId=682533-sale
PROPERTY TAXES
| Parcel Number | 08-00169-03-048 | Improvements Assessment | $674,920 |
| Land Assessment | $226,240 | Total Assessment | $901,160 |
PROPERTY TAXES
Parcel Number
08-00169-03-048
Land Assessment
$226,240
Improvements Assessment
$674,920
Total Assessment
$901,160
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