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47 Gramling St 6,000 SF 100% Leased Retail Building Marietta, GA 30008 $3,709,349 CAD ($618.22 CAD/SF) 7.72% Cap Rate



Investment Highlights
- 100% occupied, two-tenant investment property with creditworthy tenants
- Located at a signalized intersection (40,590vpd)
- Built in 2022 with excellent curb appeal
- VisionCo Optical (Marietta Eye Care Center) has 34 locations; Carpet Depot has 8 Atlanta Locations
- Positioned one mile south of Marietta Square - Cobb County's main dining, retail, and entertainment district.
- Surrounded by established neighborhoods and recent residential development.
Executive Summary
Ackerman & Co. presents for sale, 47 Gramling Street, an opportunity to acquire a recently constructed, fully leased investment property in one of Metro Atlanta’s most established suburban markets.
Now offering a 3% commission to the buyer broker.
Completed in 2022, the two-tenant retail asset is occupied by an established local optometry practice and Carpet Flooring Depot, a regional flooring retailer with eight Atlanta-area locations, providing investors with income generated by experienced operating businesses.
Positioned at the signalized southwest corner of Powder Springs Street and Gramling Street, the property benefits from exposure along a corridor carrying approximately 40,590 vehicles per day. The building's modern construction, professional appearance, prominent signage opportunities, and strong visibility contribute to its long-term appeal for both tenants and investors.
The property is located approximately one mile south of Marietta Square, the historic center of Marietta and a destination for dining, entertainment, community events, and local commerce. As the county seat of Cobb County and a major employment and residential hub northwest of Downtown Atlanta, Marietta continues to attract business activity and residential growth. Numerous residential subdivisions have been developed within the immediate surrounding area in recent years, supporting a growing customer base and reinforcing the area's retail and service demand.
With only two tenants, ownership benefits from straightforward asset management while maintaining diversified income streams. The combination of a strategic infill location, strong traffic exposure, established tenancy, recent construction, and proximity to one of Cobb County's most active commercial districts positions 47 Gramling as a compelling opportunity for investors seeking stable cash flow and long-term market presence.
Now offering a 3% commission to the buyer broker.
Completed in 2022, the two-tenant retail asset is occupied by an established local optometry practice and Carpet Flooring Depot, a regional flooring retailer with eight Atlanta-area locations, providing investors with income generated by experienced operating businesses.
Positioned at the signalized southwest corner of Powder Springs Street and Gramling Street, the property benefits from exposure along a corridor carrying approximately 40,590 vehicles per day. The building's modern construction, professional appearance, prominent signage opportunities, and strong visibility contribute to its long-term appeal for both tenants and investors.
The property is located approximately one mile south of Marietta Square, the historic center of Marietta and a destination for dining, entertainment, community events, and local commerce. As the county seat of Cobb County and a major employment and residential hub northwest of Downtown Atlanta, Marietta continues to attract business activity and residential growth. Numerous residential subdivisions have been developed within the immediate surrounding area in recent years, supporting a growing customer base and reinforcing the area's retail and service demand.
With only two tenants, ownership benefits from straightforward asset management while maintaining diversified income streams. The combination of a strategic infill location, strong traffic exposure, established tenancy, recent construction, and proximity to one of Cobb County's most active commercial districts positions 47 Gramling as a compelling opportunity for investors seeking stable cash flow and long-term market presence.
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Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,000 SF
Building Class
B
Year Built
2022
Price
$3,709,349 CAD
Price Per SF
$618.22 CAD
Cap Rate
7.72%
NOI
$286,191 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.72 AC
Zoning
OI - Office-Institutional
Parking
34 Spaces (5.67 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Carpet Depot is your source for discount carpet, carpet remnants, hardwood flooring, laminate flooring, luxury vinyl plank (LVP), and luxury vinyl tile (LVT). Get great deals on flooring from top flooring manufacturers and bring those savings to you. Provide professional carpet, hardwood, laminate, and vinyl flooring installation services.
- VisionCo Optical
- Health Care and Social Assistance
- 3,000 SF
- $67.84 CAD
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | 3,000 SF | $48.46 CAD | Modified Gross | - | |
| VisionCo Optical | Health Care and Social Assistance | 3,000 SF | $67.84 CAD | Full Service | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-0218-034 | Improvements Assessment | $397,865 CAD |
| Land Assessment | $115,819 CAD | Total Assessment | $513,684 CAD |
Property Taxes
Parcel Number
17-0218-034
Land Assessment
$115,819 CAD
Improvements Assessment
$397,865 CAD
Total Assessment
$513,684 CAD
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47 Gramling St
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