Investment Summary
Price | $3,182,000 |
Cap Rate | |
NOI | |
Lease Term | Various |
Lease Type | NNN |
Rental Increases | Various |
Year Built | 2017 |
Building Size | 5,978 SF |
Lot Size | 0.52 Acres (22,651 SF) |
Status | Sold |
Lead Brokers | Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial. |
Investment Highlights
100% LEASED TWO-TENANT CENTER
» New 10-year leases for both tenants
» Corporate leases to national tenants with strong brand recognition
» Multi-tenant retail center allows for investment diversification
HIGH-TRAFFIC LOCATION IN PRIMARY RETAIL CORRIDOR
» Located just off of the signalized intersection of State Highway 53 and Richardson Road, with excellent visibility and access to 42,470 vehicles per day
» Immediate access to Interstate 75, the principal route connecting Calhoun to the metropolitan areas of Atlanta and Chattanooga, with a traffic count of 67,620 vehicles per day near the property
» Frontage on State Highway 53, the main route through Calhoun and Calhoun’s primary commercial and retail corridor
» Near Calhoun Outlet Marketplace, a popular outlet mall which draws four million visitors annually from a nine-county trade area
» Surrounded by notable national tenants, including Kroger, Home Depot, Tractor Supply Company, Aldi, Walmart Supercenter, Dollar General, McDonald’s, AutoZone, and many others
CENTRAL LOCATION NEAR MAJOR EMPLOYERS AND SCHOOLS
» Adjacent to Calhoun’s primary industrial center, which is home to many of the city’s largest employers, including Mohawk Industries, Shaw Industries, Apache Mills, and Mannington Carpets
» Less than three miles from downtown Calhoun
» Minutes from Georgia Northwestern Technical College, which has a total enrollment of 10,000 students
» Close proximity to the 69-bed Gordon Hospital, which has more than 1,000 employees
EXCELLENT LOCATION IN METRO ATLANTA
» Calhoun is the commercial, cultural, governmental, and retail center of Gordon County
» Located midway between Atlanta, Georgia and Chattanooga, Tennessee
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is strategically located just off of the signalized intersection of State Highway 53 and Richardson Road, which experiences a combined traffic count of 42,470 vehicles per day. The property has excellent access and visibility from State Highway 53, which is the main route through Calhoun, serves as Calhoun’s primary commercial and retail corridor, and provides immediate access to Interstate 75. As the principal route connecting Calhoun to the metropolitan areas of Atlanta and Chattanooga, Interstate 75 is a highly trafficked freeway, with a traffic count of 67,620 vehicles per day near the property.
Located in a dense retail corridor, the property is surrounded by major national retailers and large shopping centers. Less than a mile from the property is Calhoun Outlet Marketplace, a popular outlet mall which draws four million visitors annually from a nine-county trade area. Major tenants near the property include Kroger, Home Depot, Tractor Supply Company, Aldi, Dollar General, McDonald’s, AutoZone, and many others. The property is also adjacent to Calhoun’s primary industrial center, which is home to many of the city’s largest employers, including Mohawk Industries, Shaw Industries, Apache Mills, and Mannington Carpets.