Listed by Avison Young - Atlanta
$3,700,000
Ace Hardware Sale-Leaseback
Details
Property Type Retail
Sub Type Storefront
Square Footage 11,272
Units 1
Cap Rate 6.50%
NOI $240,000
Occupancy 100%
Tenancy Single
Brand/Tenant Ace Hardware , Ace Hardware
Lease Type NNN
Lease Term 15
Rent Bumps Yes
Lease Options 2
Year Built 2023
Buildings 1
Stories 1
Acreage 3.500
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
Retail | 6.50% CAP | 11,272 SqFt
Marketing description
Avison Young is pleased to exclusively represent the Seller in the sale of this newly constructed Ace Hardware property. Located in the heart of Locust Grove, this single-tenant property sits on one of the busiest highways in the market and features a fresh 15-year lease from Ace Hardware. It's situated on 3.5 acres with ample parking and access points. This Ace Hardware is also located just up the road from Heron Bay, a prestigious golf community, and surrounded by many other residential neighborhoods.
Investment highlights
Newer 2023 construction
Fresh 15-year lease
#1 rank in Forbes best customer service list
Dynamic residential and commercial growth
Minutes from city’s commercial corridor
4% rent escalations every 5 years
Two (2) five year options
Listing Contacts
Listed by Avison Young - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,000.00
$20,000.00/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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