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Parachute Plasma 3451 Cypress Mill Rd 6,302 SF Retail Building Brunswick, GA 31520 $7,115,140 CAD ($1,129.03 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand new 20-year absolute triple-net lease.
- Growing Credit | The lease is subject to a corporate guarantee by Join Parachute.
- Attractive Rental Increases | This lease offers attractive rental growth, with a 2.00% annual increase beginning in the seventh year.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 3451 Cypress Mill Rd, Brunswick, GA 31520. The site consists of roughly 6,302 rentable square feet of building space on an estimated 0.98-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which commenced Close of Escrow*. The current annual rent is $385,993 and has scheduled increases of 2.00% annually starting year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,302 SF
Building Class
C
Year Built
2024
Price
$7,115,140 CAD
Price Per SF
$1,129.03 CAD
Cap Rate
7.50%
NOI
$533,635 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.98 AC
Zoning
HC - Dense commercial
Parking
20 Spaces (3.17 Spaces per 1,000 SF Leased)
Frontage
130’ on Cypress Mill Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-00140 | Improvements Assessment | $559,270 CAD |
| Land Assessment | $96,716 CAD | Total Assessment | $655,986 CAD |
PROPERTY TAXES
Parcel Number
01-00140
Land Assessment
$96,716 CAD
Improvements Assessment
$559,270 CAD
Total Assessment
$655,986 CAD
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Parachute Plasma | 3451 Cypress Mill Rd
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