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Friendship Paint & Body Shop 1985 Airport Ind Park Dr SE 14,146 SF Retail Building Marietta, GA 30060 $2,631,329 CAD ($186.01 CAD/SF) 6.63% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied | Absolute NNN Lease | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI
- Large Monument Sign | Excellent Visibility & Access | Close to Interstate-75 (321,000) & State Highway 3 (42,200 VPD)
EXECUTIVE SUMMARY
• The lease is guaranteed by BrightPoint Auto
• The tenant, Friendship Paint & Body Shop, has 10 years remaining on their lease with 1 (10-year) option to extend
• The lease features 2% annual increases throughout the initial term and option period
• Within limited zoning district overlay that allows auto repair creating a competitive advantage
• Absolute NNN lease, limiting expense exposure for a new owner
• High historical occupancy
• The tenant, Friendship Paint & Body Shop, has 10 years remaining on their lease with 1 (10-year) option to extend
• The lease features 2% annual increases throughout the initial term and option period
• Within limited zoning district overlay that allows auto repair creating a competitive advantage
• Absolute NNN lease, limiting expense exposure for a new owner
• High historical occupancy
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,146 SF
Building Class
C
Year Built
1987
Price
$2,631,329 CAD
Price Per SF
$186.01 CAD
Cap Rate
6.63%
NOI
$174,499 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
LI - Light Industrial
Parking
49 Spaces (3.46 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $196,553 CAD | |
| Land Assessment | $173,106 CAD | Total Assessment | $369,659 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$173,106 CAD
Improvements Assessment
$196,553 CAD
Total Assessment
$369,659 CAD
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Friendship Paint & Body Shop | 1985 Airport Ind Park Dr SE
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