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925 US-29
Athens, GA 30601
Ellianos Coffee · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Burgeoning Corridor: Ellianos is positioned at the heart of Athens’ fastest-growing corridor, with hundreds of apartment units under construction and
- Newly Constructed Ground Lease: Ellianos sports an attractive lease structure for long-term investment stability, featuring a ground lease with annual
- Ideal Stop into Athens: Ellianos is located on the right side of the road to benefit from copious traffic entering westbound into Athens. Whether it b
EXECUTIVE SUMMARY
STNL.com is pleased to present this ground lease single tenant Ellianos Coffee shop in Athens, located in the center of the city’s fastest-growing retail corridor. Three
reasons to acquire this property include:
1. Burgeoning Corridor: No area of Athens has seen more growth since 2021 than where your Ellianos sits. Hundreds of apartment units have recently been completed or are still under construction, accompanying the scores of newly built single tenant properties that will supplement your Ellianos and consistently bring foot and vehicle traffic into the immediate area.
2. Ideal Stop into Athens: Strategically positioned on the north side of US Hwy 29, your Ellianos sits in prime position to collect westbound traffic as it flows into downtown Athens. Whether it be working commuters or students and fans flocking to the University of Georgia, there will always be target demographic traffic for a coffee shop driving right by your Ellianos.
3. Newly Constructed Ground Lease: This site can be treated as a stable, long-term investment, with fifteen(15) years of base term on this ground lease accompanying twenty(20) potential years of option term. Furthermore, with the immense amount of development in this bustling retail corridor, this site stands to be successful and desirable regardless of what tenant occupies it for decades.
reasons to acquire this property include:
1. Burgeoning Corridor: No area of Athens has seen more growth since 2021 than where your Ellianos sits. Hundreds of apartment units have recently been completed or are still under construction, accompanying the scores of newly built single tenant properties that will supplement your Ellianos and consistently bring foot and vehicle traffic into the immediate area.
2. Ideal Stop into Athens: Strategically positioned on the north side of US Hwy 29, your Ellianos sits in prime position to collect westbound traffic as it flows into downtown Athens. Whether it be working commuters or students and fans flocking to the University of Georgia, there will always be target demographic traffic for a coffee shop driving right by your Ellianos.
3. Newly Constructed Ground Lease: This site can be treated as a stable, long-term investment, with fifteen(15) years of base term on this ground lease accompanying twenty(20) potential years of option term. Furthermore, with the immense amount of development in this bustling retail corridor, this site stands to be successful and desirable regardless of what tenant occupies it for decades.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
800 SF
Building Class
B
Year Built
2023
Price
$1,365,000
Price Per SF
$1,706.25
Cap Rate
6.60%
NOI
$90,090
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.36 AC
Zoning
C-G - General Commercial
PROPERTY TAXES
| Parcel Number | 213A-003 | Improvements Assessment | $171,114 |
| Land Assessment | $147,000 | Total Assessment | $318,114 |
PROPERTY TAXES
Parcel Number
213A-003
Land Assessment
$147,000
Improvements Assessment
$171,114
Total Assessment
$318,114
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