Asking Price: $2,357,000
Building Size: 14,000 SQ FT
Lot Size: 60984
Cost per Square Foot: $168.36
Opportunity to acquire a strong and stable cash flow property in the growing Woodstock submarket of Atlanta. Aamco has been successful in this location since 2009 and just executed a 10-year lease renewal. The Parts Authority original 7 year lease has 5 years remaining. The leases have 2.5% and 3% annual rent escalations. Tenants cover all operating expenses. The building, roof, systems and parking lots are all in good condition.
This is a fantastic area for potential appreciation. Woodstock is ranked ninth in the state’s top 10 fastest growing cities. The surrounding 5 miles has seen 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%.
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