Asking Price: $2,357,000
Building Size: 14,000 SQ FT
Lot Size: 60984
Cost per Square Foot: $168.36
Opportunity to acquire a two-tenant income property in Woodstock GA, an Atlanta metro submarket. Aamco has been successful in this location since 2009 and just expanded, doubling their space, and executed a 10-year lease renewal. The Parts Authority 7 year lease has 5 years remaining. Both leases have annual rent escalations and are NNN with tenants covering all operating expenses. The low maintenance building features a metal roof and recently resurfaced parking lot. The city is ranked ninth in the state’s top 10 fastest growing cities, with the surrounding 5 miles seeing a tremendous population increase of 70% in the past 10 years – more than doubling in size. Future job growth over the next ten years is predicted to be 52.2%, which is much higher than the U.S. average of 33.5%.
Key Points: Two NNN national tenants Avg 7.5 years on current lease terms NOI $176,846 with annual increases Highly visible, lighted monument sign 1.4-acre site with 300’ of frontage on Main Street 23,800 daily traffic count on Main Street 14’-15’ ceilings Strong rental history