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National Tire & Battery Ground Lease, Johns Creek, GA

National Tire & Battery Ground Lease, Johns Creek, GA


Investment Summary

Price $1,220,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 30% Rental Increase at the Beginning of Option 1 and 15% Rental Increases at the Beginning of Each Subsequent Option Period
Year Built 2016
Building Size 6,804 SF
Lot Size 1.09 Acres (47,524 SF)
Status Under Contract
Lead Brokers Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Investment Highlights

LONG-TERM ABSOLUTE NNN Ground Lease
» 15-year NNN Ground  lease to corporate tenant
» NNN Ground lease  requires no landlord management, presenting the ideal “handsoff” investment opportunity
» 30% rental increase in Option 1 and 15% rental increases in subsequent option periods
» Below market rent

HIGH-TRAFFIC LOCATION IN PRIME RETAIL AREA
» Excellent visibility and access to 39,783 vehicles per day on State Bridge Road, one of Johns Creek’s primary thoroughfares
» Adjacent to North Bridges, a large retail plaza featuring Goodwill, Aldi, Outback Steakhouse, Fidelity Bank, and several others
» Minutes from significant retail centers located nearby in downtown Johns Creek and downtown Alpharetta

CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» 108,572 daytime employees work within a five-mile radius
» Near business parks housing the high-tech operations of notable companies, including Equifax, LexisNexis, McKesson Technology Solutions, and Alcon Laboratories
» Within walking distance of Chattahoochee High School, one of the nation’s top high schools, with 1,855 students
» Close to 113-bed Emory Johns Creek Hospital
» 200,758 residents with an average household income of $130,515 live within a fivemile radius of the property
» The average household income within a three-mile radius is $143,425

FILL OUT THE FORM BELOW TO ACCESS OFFERING MEMORANDUM

Property Description

SOLD

The property is conveniently located on State Bridge Road, one of Johns Creek’s primary thoroughfares, with excellent visibility and access to 39,783 vehicles per day. Located in a prime retail area, the property is close to several large shopping centers and major national retailers. The property is adjacent to North Bridges, a large retail plaza featuring Goodwill, Aldi, Outback Steakhouse, Fidelity Bank, and several others. Other notable retailers in the immediate area include Ace Hardware, Kroger, McDonald’s, Tuesday Morning, CVS, Petco, Publix, Dollar Tree, and Taco Bell. The property is just minutes from significant retail centers located nearby in downtown Johns Creek and downtown Alpharetta, including Alpharetta’s newly constructed Avalon mixed-use development. Avalon is an 86-acre development that includes 590,000 square feet of retail space, a 12-screen Regal Cinemas theater, 750,000 square feet of Class A office space and office lots, 101 single-family residences, 250 luxury rental homes, 276 multi-family units, and a 330-room hotel and conference center with 47,000 square feet of meeting space. Avalon is projected to generate more than 4,000 new permanent retail sector, white-collar, and hotel service jobs.

The property benefits from its central location supported by excellent demographics. Several major employers are located nearby in Johns Creek’s and Alpharetta’s business parks. Among these employers are multiple high-tech operations for notable companies, including Equifax, LexisNexis, McKesson Technology Solutions, and Alcon Laboratories. In total, 108,572 daytime employees work within a five-mile radius of the property. The property is also located within walking distance of Chattahoochee High School, one of the nation’s top high schools, with 1,855 students. The 113-bed Emory Johns Creek Hospital is just minutes away, and the property is surrounded by affluent residential neighborhoods. The average household income within a three-mile radius is $143,425, and 200,758 residents with an average household income of $130,515 live within a five-mile radius of the property, providing an excellent customer base.

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