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Scooter's Coffee - Marietta, GA 761 Powder Springs St 702 sq ft Office Property Marietta, GA 30064 £2,002,049 (£2,851.92/sq ft) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 20-Year Absolute Triple Net Ground Lease With Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- The Property is Strategically Located at a Signalized Intersection on Powder Springs Street Which Sees Over 42,000 Vehicles Per Day
- Nearby Tenants Include: Westside Shopping Center, Powder Springs Strip Center, Dollar Tree, QuikTrip, Firestone, Popeyes, KFC, and Advance Auto Parts
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years; They Operate 900+ Locations
EXECUTIVE SUMMARY
Sands Investment Group Is Pleased to Exclusively Offer For Sale the 702 SF Scooter's Coffee Located at 761 Powder Springs Street in Marietta, GA. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Offering Dependable Income Growth.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Office
Property Subtype
Property Size
702 sq ft
Costar Property Class
C
Year Built
2000
Price
£2,002,049
Price per sq ft
£2,851.92
Yield
6.25%
NOI
£125,128
Tenancy
Single
Number of Floors
1
Typical Floor Size
702 sq ft
Plot ratio
0.02
Total Plot Size
0.90 ac
Use Class
Office and Industrial - Office and Industrial
Parking
22 Spaces (31.34 Spaces per 1,000 sq ft Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Scooter's Coffee
- Accommodation and Food Services
- 702 sq ft
- £229.17
- NNN
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Scooter's Coffee | Accommodation and Food Services | 702 sq ft | £229.17 | NNN | - |
1 1
Walk Score®
Easily Walkable (70)
PROPERTY TAXES
| Parcel Number | 17-0148-0-029-0 | Improvements Assessment | £42,216 |
| Land Assessment | £86,180 | Total Assessment | £128,396 |
PROPERTY TAXES
Parcel Number
17-0148-0-029-0
Land Assessment
£86,180
Improvements Assessment
£42,216
Total Assessment
£128,396
CONTACTS
-
Jack Liberatore -
John Brown -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
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Scooter's Coffee - Marietta, GA | 761 Powder Springs St
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