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Marketing Description
Marcus & Millichap is proud to present for sale Main Street Point, a 43,096+/- square foot retail property, fully leased to two (2) national tenants, Ross and PetSmart. The 3.60+/- acre lot is ideally positioned for excellent access and visibility to the combined traffic flow from Highway 41 and Main Street of over 49,000 ADT. Surrounded by over 1 Million square feet of retail within just 1/2 mile, Main Street Point is located at the epicenter of the Cartersville shopping district. Retailers include Kroger Marketplace, Publix, Target, Kohl’s, Academy Sports, Starbucks, TJ Maxx, Belk and many more. Located across the street is Cartersville High School, with an enrollment of over 1,300 students.
PetSmart opened for business in September, 2017 and is signed to a full 10-year lease, with rental increases scheduled to occur every 5 years throughout the entire lease term. PetSmart is responsible for reimbursing for their pro-rata share of CAM, taxes and insurance expenses.
Ross is currently under construction on their buildout, expecting to be complete by June, 2018. They are signed to a full 10-year lease that will not expire until January 31st, 2029. Their rent is scheduled to increase every 5 years throughout the entire lease term. Ross is responsible for reimbursing for their pro-rata share of CAM, taxes and insurance expenses.
Discount Tire is currently under construction as an outparcel to Main Street Point. They are signed to a 15-year NNN ground leases, which will commence in April, 2018. It is offered for sale separately, but can be purchased together with
PetSmart opened for business in September, 2017 and is signed to a full 10-year lease, with rental increases scheduled to occur every 5 years throughout the entire lease term. PetSmart is responsible for reimbursing for their pro-rata share of CAM, taxes and insurance expenses.
Ross is currently under construction on their buildout, expecting to be complete by June, 2018. They are signed to a full 10-year lease that will not expire until January 31st, 2029. Their rent is scheduled to increase every 5 years throughout the entire lease term. Ross is responsible for reimbursing for their pro-rata share of CAM, taxes and insurance expenses.
Discount Tire is currently under construction as an outparcel to Main Street Point. They are signed to a 15-year NNN ground leases, which will commence in April, 2018. It is offered for sale separately, but can be purchased together with
Main Street Point. Contact Agent for additional information.
Investment Highlights
- New 2017 / 2018 Redevelopment | New 10 Year Leases
- 100% Leased To Two (2) National Tenants | Ross and Petsmart
- Brand New Roof for Entire Building | Majority of Parking Lot is Brand New
- Rental Increases Every 5 Years for Both Tenants
- Prime Real Estate | Epicenter of Cartersville Shopping District
- 3.60+/- Acre Corner Parcel | Combined ADT Of 49,000+
- Tremendous Growth Market | Population Projected To Grow By 9% In 5 Years
- Surrounded By Target, Kohl’S, Publix, Kroger Marketplace, Academy Sports and More
- No Co-Tenancy or Exclusive Clauses in Either Lease
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Listing removed on
BY:
Robby Pfeiffer PRO
•••.•••.2770
•••••ffer@•••••••••••••••.com
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