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610 W Bankhead Hwy
Villa Rica, GA 30180
Retail Property For Sale
Investment Highlights
- ?Early Lease Extension Signed April 2021 | Second Effective Lease Extension Requested By Tenant
- ?Investment Grade Credit Tenant (NYSE: SHW) - Rated BBB by S&P
- Well Below Market Rent - Only $18.70/sf per Year | New STNL Construction Rents Averaging $50/sf+
- ?Store Sales Doubled Over Past 3 Years (Pre-Covid) to +$2.2 Million - Business is "Booming" per Management
- Sherwin Williams Reported Record Sales TTM of $18.87 Billion | ?Nationally Recognized Essential Business
- ?10% Rent Bumps Per 5 Year Option | Only Two 5 Year Renewal Options Remaining (Reverts to FMV)
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.72 AC
Zoning
C - Commercial
Parking
17 Spaces (3.4 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | V07-0110221 | Improvements Assessment | $241,754 |
| Land Assessment | $120,000 | Total Assessment | $361,754 |
Property Taxes
Parcel Number
V07-0110221
Land Assessment
$120,000
Improvements Assessment
$241,754
Total Assessment
$361,754
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