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Old Tyme Grill & Buffet 8465 Tara Blvd 11,526 SF Retail Building Jonesboro, GA 30236 $3,980,000 ($345.31/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Location- Always Busy Day and Night
- Large Land Site for Future Development Use- Strip Mall and Ground Lease to National Tenants
- Great Tenant and Long Term NNN Lease- No Landlord Responsibilities
EXECUTIVE SUMMARY
Prime Location in Jonesboro, Georgia. High Population Growth Dense Area. Absolute NNN Lease- No Landlord Responsibilities. Restaurant Building Size: 11,526 SF. High Visibility Site located on Tara Blvd., Frontage: 289' on Tara Blvd. Total Lot Size: 6.69 Acres. Future Owner can build a Strip Mall and Ground Lease to National Tenants for more rental incomes. Nearby National Tenants include: Chick-Fil-A, Sam's Club, Arby's, Burger King, Wendy's, Lidl, McDonald's, Walmart ... etc.. Very Busy Location Day and Night. This is an exceptional opportunity for investors and developers seeking a strategic, high traffic location in one of Atlanta's most vibrant commercial districts. Please do not talk to the restaurant tenant and restaurant employees. Please call the Listing Broker for any questions. Listing Broker: Eric Huang 678-614-9993 Great Brokers Realty. Thank You.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,526 SF
Building Class
B
Year Built
1995
Price
$3,980,000
Price Per SF
$345.31
Cap Rate
6%
NOI
$238,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
6.69 AC
Zoning
GB, County - General Business
Parking
180 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
289’ on Tara Blvd
AMENITIES
- Pylon Sign
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $426,160 | |
| Land Assessment | $63,080 | Total Assessment | $489,240 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$63,080
Improvements Assessment
$426,160
Total Assessment
$489,240
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Old Tyme Grill & Buffet | 8465 Tara Blvd
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