Property details
Atlanta Real Estate, Southeast Region
Property Description
Atlanta Real Estate development site located just 25 miles outside of Atlanta.
Location Atlanta real estate located at an exit off of a major Interstate Highway with over 1300 feet of frontage on the same Interstate Highway. Prime 26.2 Atlanta real estate acres currently covered in asphalt and used as a cash flowing & covered Flea Market and Church site. Utilities run to middle of the property. This Atlanta real estate site has C3 zoning. New retail neighbors includes a Sams Club and a Best Buy. Enjoy Atlanta real estate income from this site while planning for improvements. Appraised well above asking price. Motivated Seller.
Off of Interstate. Excellent Retail/Mixed Use location. Ideal for MultiUnit development and/or redevelop site while gaining income.
2 buildings. One with Flea Market, other is Event Center. Opportunity to Increase Event Center Lease 2X and sell of parcels of land.
One Tenant is a Church, leasing Event Center pay $3.50/sq foot. Market will pay $7/sq foot. Other Tenant is Flea Market, business that comes with Sale of Prop.
Images
Highlights
- Status:
- Available
- Price:
- $9,900,000
- PSF:
- $71
- Cap Rate:
- 5.00%
- Annual Rent:
- $495,501
- Rent Increases:
- 2008 increased
Property Information
- Building Size:
- 139,640 sq.ft.
- Property Type:
- Land
- Industry Type:
- Retail
- Units/Spaces:
- 2
- Year Built:
- 2001
- Land Area:
- 26.20 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Lease Type:
- NNN
- Lease Commencement:
- 12/31/2008
- Lease Expiration:
- 12/31/2008
- Years Remaining:
- -1 years
- Landlord Responsibilities:
- Limited
- Options:
- None
Existing financing information
- Interest rate:
- 0.0%
- Amortized over:
- 0 years
- Annual Cash Flow:
- $495,501
- Cash on Cash Return:
- 5.01%
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.