836 Veterans Memorial Hwy SE
Mableton, GA
Price:
$1018000
Cap Rate:
5.60%
NOI:
$57,000
Building Size:
Approx. 1872 Sq. Ft.
Lot Size:
Approx. 0.69 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
2007 / 2015
Investment Overview
- Renovated in 2015 | 1,872+/- SF Building on .69+/- Acre Site
- New 20-Year, NNN Lease w/ 10% Rent Bump Year 10 & 10% Every 5-Yrs in Options
- Along Veterans Memorial Hwy (23,350 Cars / Day), btwn Mableton (Pop. 37,115) & Atlanta (Pop. 447,841)
- Near McDonald’s, Family Dollar, Walgreens, Shell, Bank of America, Wendy’s, & Publix
- Major Employers: Cobb County ISD (20,000 Empl.), Well Star (12,000 Empl.), Lockheed Martin (7,500 Empl.)
- 6-Miles N of Six Flags Over Georgia ($194 Million Ann. Eco. Impact) | 12- Miles W of Downtown Atlanta, GA
- 1-Mile population has grown 9.6% 2000 – 2015 | 3-Mile Average Household Income: $83,431
- Atlanta – Sandy – Springs – Marietta (MSA) | 9th largest metropolitan area in the US | Population: 5,268,860