Listed by Ripco Real Estate
$2,152,164
3285 Inner Perimeter Rd
Details
APN 0109B-147M
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 1,680
Net Rentable (SqFt) 1,680
Cap Rate 5.50%
NOI $118,369
Tenancy Single
Brand/Tenant Tropical Smoothie Cafe
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/19/2038
Remaining Term 13
Rent Bumps Yes
Lease Options Two (2) five-year renewal options
Price per SqFt $70
Year Built 2022
Buildings 1
Lot Size (SqFt) 25,831
Zoning C-H (Highway Commercial)
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/20/2023
Rent Commencement 01/19/2023
Ownership Fee Simple
Retail | 5.50% CAP | 1,680 SqFt
Marketing description
Valdosta, GA Retail Building for Sale. 3285 Inner Perimeter Road. 1,680 SF Available.
Investment highlights
- 2022 construction featuring Tropical Smoothie Cafe's latest prototype design w/ drive-thru
- 15-year absolute NNN lease with 10% increases every 5 years
- Corporate guaranty from Dyne Hospitality Group (120+ locations)
- Located directly across from Walmart & Publix (adjacent to Aldi, Chipotle, and Peachtree Immediate Care)
- 2 miles from Valdosta State University (11,000+ students)
- Excellent visibility right off Inner Perimeter Road with traffic counts exceeding 27,000 vehicles per day
Listing Contacts
Listed by Ripco Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,369.00
$9,864.08/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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