Scooter's Coffee - Marietta, GA 761 Powder Springs St 702 SF Office Building Marietta, GA 30064 $3,456,000 ($4,923.08/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Absolute Triple Net lease With Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- The Property is Strategically Located at a Signalized Intersection on Powder Springs Street Which Sees Over 42,000 Vehicles Per Day
- Nearby Tenants Include: Westside Shopping Center, Powder Springs Strip Center, Dollar Tree, QuikTrip, Firestone, Popeyes, KFC, and Advance Auto Parts
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years; They Operate 900+ Locations
EXECUTIVE SUMMARY
Sands Investment Group Is Pleased to Exclusively Offer For Sale the 702 SF Scooter's Coffee Located at 761 Powder Springs Street in Marietta, GA. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
702 SF
Building Class
C
Year Built
2000
Price
$3,456,000
Price Per SF
$4,923.08
Cap Rate
6.25%
NOI
$216,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
702 SF
Building FAR
0.02
Lot Size
0.90 AC
Zoning
Office and Industrial
Parking
22 Spaces (31.34 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Scooter's Coffee
- Accommodation and Food Services
- 702 SF
- $307.69
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Scooter's Coffee | Accommodation and Food Services | 702 SF | $307.69 | Triple Net | - |
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PROPERTY TAXES
| Parcel Number | 17-0148-0-029-0 | Improvements Assessment | $215,080 |
| Land Assessment | $115,708 | Total Assessment | $330,788 |
CONTACTS
-
Jack Liberatore -
John Brown -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
