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22210189
22210190

11030 Alpharetta Hwy, Roswell, GA 30076

TS
TN TN 370826
Matthews
CS
TN 361676, TX 693140
Matthews
CL
TN 386440
Matthews
Listed by Matthews
$1,647,935
492 days on market
Updated 83 days ago

Hertz Car Rental - Roswell, GA

Details
Property Type Retail
Sub Type Auto Shop, Automotive (+1)
Square Footage 3,310
Units 1
Cap Rate 6%
NOI $98,876
Occupancy 100%
Tenancy Single
Brand/Tenant Hertz
Lease Type NN+
Lease Expiration 03/30/2030
Remaining Term 3.7
Lease Options None
Year Built 2004
Year Renovated 2008
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/29/2008

Value-Add | 5 years | No Options | Affluent Demographics

Investment highlights

  • Premier Automotive Location — Sees over 30,000 VPD on Alpharetta Hwy. Close proximity to numerous car dealerships, multifamily developments, & the Roswell Marketplace Shopping Center, home to Sprouts Farmers Market, Starbucks, Chipotle, & many other national retailers.

  • Affluent Demographics — Median household income between $122k — $170k in Roswell.

  • Value-Add Components — Tenant has no remaining renewal options. Landlord has opportunity to sign a new lease with current or new tenant in 5 years.

  • High Growth Market — Many new mixed-use & multifamily developments underway. Over 400 apartments under construction in immediate radius.

  • Atlanta MSA — GDP over $471 billion throughout the Atlanta Metro area. Main hub for numerous industries including healthcare, logistics, hospitality, & many more.

  • Landlord Friendly Lease Structure — Tenant is responsible for property taxes, insurance, & common area maintenance, leaving the landlord with only the roof & structure responsibilities.

Listing Contacts

TS
TN TN 370826
Matthews
CS
TN 361676, TX 693140
Matthews
CL
TN 386440
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$98,876.00
$8,239.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Maxx Bauman
License
451849
Brokerage
Matthews
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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