Multi Tenant NNN Leased Investment Property | 6075 Business Park
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Multi Tenant NNN Leased Investment Property 6075 Business Park
12,000 SF 100% Leased Retail Building Columbus, GA 31909 £1,420,200 (£118/SF) 7.33% Net Initial Yield
Investment Highlights
- New Construction
- Located close to Newly developed Midland Commons, a mixed use development with a new Publix
- Both Tenants are new 10 year NNN Leases
Executive Summary
New Construction, two tenant investment Property. Rents are below market at an average of $11.00/SF. Both Tenants are committed to 10 year NNN Leases. Gods of Iron Gym has been in business 8 years and recently moved from another Property located in the Business Park to expand. Second Amendment Armory is a fire arms and accessory retail location and expects to have approval from ATF to open by November 1, 2023. The roof system is seamless metal, gutter systems route water off the building and underground. The building has 3-Phase power0400/200 Amp, even though neither current tenant requires it. All LED lighting, and security cameras all the way around the building. Both tenants are below market rent. Gods of Iron Gyms rent escalates along with membership and caps out at $12,000.00 monthly-the floor is the current rent of $7,000.00.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Year Built
2022
Price
£1,420,200
Price Per SF
£118
Net Initial Yield
7.33%
NOI
£104,148
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
1.58 AC
Zoning
GC - General Commercial
Parking
63 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
189 ft on Business Park Drive
PROPERTY TAXES
| Parcel Number | 110-002-049 | Improvements Assessment | £241,172 (2023) |
| Land Assessment | £54,378 (2023) | Total Assessment | £295,550 (2023) |
PROPERTY TAXES
Parcel Number
110-002-049
Land Assessment
£54,378 (2023)
Improvements Assessment
£241,172 (2023)
Total Assessment
£295,550 (2023)
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Multi Tenant NNN Leased Investment Property | 6075 Business Park
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