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540 N Main St 4,838 SF Retail Building Alpharetta, GA 30009 $1,650,000 ($341.05/SF) 6.11% Cap Rate
Investment Highlights
- Stable NNN Income - 7 years remaining on lease
- Excellent Location with Established Business
- 6.11% CAP
Executive Summary
Existing automotive repair facility - 4,018 Sq Ft on .42 acres on North Main Street in Alpharetta.
NNN Lease- Rocco’s?
24,900 average daily traffic?
C2 Zoning City of Alpharetta rare automotive use zoning?
Stable NNN income, 7 years on lease with 3 x 5-year options to renew
NNN Lease- Rocco’s?
24,900 average daily traffic?
C2 Zoning City of Alpharetta rare automotive use zoning?
Stable NNN income, 7 years on lease with 3 x 5-year options to renew
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,838 SF
Building Class
B
Year Built
2005
Price
$1,650,000
Price Per SF
$341.05
Cap Rate
6.11%
NOI
$100,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.45 AC
Zoning
C2
Parking
14 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
191’ on Main St
Amenities
- Bus Line
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-4960-1124-179-5 | Improvements Assessment | $383,560 |
| Land Assessment | $113,960 | Total Assessment | $497,520 |
Property Taxes
Parcel Number
22-4960-1124-179-5
Land Assessment
$113,960
Improvements Assessment
$383,560
Total Assessment
$497,520
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540 N Main St
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