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Bellini's Tuscan Restaurant - 6.38% CAP - NNN 70 W Crossville Rd 5,680 SF Retail Building Roswell, GA 30075 $3,350,191 CAD ($589.82 CAD/SF) 6.38% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Selling the real estate as an investment - leased through Dec. 2034 with 2% annual increases and a 5 year option to extend at the end of the lease.
  • NNN lease with no landlord responsibilities, thus ease of management
  • Dense population with 166,225 people living within a 5 mile radius
  • Attractive Italian restaurant in the affluent Roswell suburb of Atlanta
  • Strong average 1-mile household income of $182,312 and is expected to increase by 15.96% to over $211,000 in the next 5 years
  • Great visibility with 27,728 vehicles passing per day on West Crossville Road, (Hwy 92) and 28,568 vehicles passing per day on Crabapple Road

EXECUTIVE SUMMARY

Investor or owner/user opportunity.
Price Reduced...Bellini Osteria Toscana has quickly established itself as a distinguished dining destination. Renowned for its authentic Tuscan cuisine, the restaurant has received high praise for its exceptional food quality and warm, inviting atmosphere. Notable achievements include the introduction of traditional Italian dishes crafted by chefs brought in from Italy, ensuring an authentic culinary experience. Customers have consistently lauded the restaurant for its attentive service and delightful ambiance, making it a favorite spot for both casual and special dining occasions. www.belliniosteriatoscana.com
The location is ideal for a high quality Italian restaurant, and this has been an established restaurant location for over 40 years. The experienced operator recently moved from Connecticut to Atlanta leased the real estate from the landlord and previous restaurant operator. The interior has received a new renovation bringing the feel of Tuscany to this property. The area can support restaurants like this, with an average household income of $185,000 and with over 166,000 people living within 5 miles of the property.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,680 SF
Building Class
C
Year Built
1979
Price
$3,350,191 CAD
Price Per SF
$589.82 CAD
Cap Rate
6.38%
NOI
$213,576 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.04 AC
Zoning
C1, County
Parking
50 Spaces (8.8 Spaces per 1,000 SF Leased)
Frontage
286’ on W Crossville Rd

AMENITIES

  • Bus Line
  • Signage

NEARBY MAJOR RETAILERS

Ameris Bank
Clean Eatz
Outback Steakhouse
Snap Fitness 24/7
RedLine Athletics
Scooter's Coffee
Trader Joe's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-1870-0393-075-7
Land Assessment
$572,718 CAD
Improvements Assessment
$272,709 CAD
Total Assessment
$845,427 CAD
  • Listing ID: 32647781

  • Date on Market: 2024-08-01

  • Last Updated:

  • Address: 70 W Crossville Rd, Roswell, GA 30075

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