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Retail Center 732 Cherokee St 8,749 SF 100% Leased Retail Building Marietta, GA 30060 $5,100,000 ($582.92/SF) 7.41% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Minimal Management Responsibilities
  • Scheduled Rent Increases
  • Redevelopment Upside Potential
  • Dynamic Tenants
  • Strategic Location
  • High Traffic Counts

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the Retail Center located at 732 Cherokee Street NE in Marietta, Georgia (the “Property”). Constructed in 2018, the Retail Center consists of a three-tenant retail building with 8,749 square feet of space on a 1.36-acre parcel. The Property is 100% occupied by Panera, Tropical Smoothie Café, and Phyllis Brunch Restaurant. The Retail Center is centrally located within the major medical corridor surrounding Wellstar Kennestone Medical Center. Situated between Cherokee Street NE and Lewis Drive, the Property enjoys excellent frontage and visibility and is directly across the street from the primary hospital building for Wellstar Kennestone. There is a municipal bus stop directly in front of the Property, and the parcel is less than 400 feet from the highly trafficked, signalized intersection of Cherokee Street NE, Church Street, and Tower Road at the center of the medical corridor. The Retail Center offers one of the most convenient dining options for patients, visitors, and employees at the medical center. The Property is a mile north of Downtown Marietta, and the surrounding areas are home to a significant number of national retailers and major businesses. Marietta is a suburb of Atlanta and is positioned approximately 20 miles northwest of the city.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,749 SF
Building Class
B
Year Built
2018
Price
$5,100,000
Price Per SF
$582.92
Cap Rate
7.41%
NOI
$377,999
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.36 AC
Zoning
NRC - Non-Retail Commercial
Frontage
154’ on Cherokee Street Northeast

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • $43.00
  • Triple Net
  • Jul 2032

Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. While Panera's business has expanded well beyond St. Louis since then, that same sourdough starter is still used in their iconic sourdough bread and the craft of baking bread fresh each day remains at the heart of Panera Bread. Each day their trained bakers fill their bakery shelves with delicious freshly baked cookies, pastries, bagels, and a range of breads from focaccia to classic baguettes. Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Tropical Smoothie Cafe is a fast-casual restaurant concept blending tropical flavor with a mission to Inspire Better®. Since its founding in 1997, the brand has offered made-to-order smoothies, wraps, sandwiches, and flatbreads designed to boost mood and support better choices. Inspired by beachside energy, each cafe delivers a laid-back, uplifting experience whether customers dine in, order via app, or take it to go. Beyond the menu, the company cultivates strong relationships with suppliers, supports community initiatives through donations and sponsorships, and builds inclusive teams that embrace individuality and growth. By pairing fresh food with positive vibes, Tropical Smoothie Cafe invites guests to take a mini getaway with every visit and live life on tropic time.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - $43.00 Triple Net Jul 2032
Accommodation and Food Services - - - -

NEARBY MAJOR RETAILERS

Starbucks
Mcalister's Deli
First Horizon Bank
Bank OZK
Zaxby's
The YMCA
Crossfit
United Community Bank
VyStar Credit Union
Ameris Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-1074-0-039-0
Land Assessment
$325,200
Improvements Assessment
$588,240
Total Assessment
$913,440
  • Listing ID: 38980917

  • Date on Market: 1/6/2026

  • Last Updated:

  • Address: 732 Cherokee St, Marietta, GA 30060

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