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31271804
31271805

2115 Jodeco Rd, McDonough, GA 30253 For Sale

RD
CA 01438643
Marcus & Millichap - Orange County
CE
CA 01958307
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$2,600,000
120 days on market
Updated 9 days ago

Bank OZK | Absolute NNN Ground Lease

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 3,500
Cap Rate 5.19%
NOI $135,000
Occupancy 100%
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 13.7
Lease Expiration 04/30/2039
Remaining Term 12.8
Price per SqFt $743
Year Built 2025
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/12/2025
Ground Lease Yes

Corporate Guaranty from Investment Grade Tenant

Marketing description

Brand New 15-Year Corporate Guaranteed Lease with Bank OZK Providing Secure, Long-Term Cash Flow

Outparcel to a New Sprouts-Anchored Shopping Center Driving Strong Daily Traffic and Consumer Draw

Prime Hard Corner Location Offering Excellent Visibility, Access, and High Traffic Exposure

Prime Retail Location

Located Near Interstate 75 with Traffic Counts Exceeding 167,000 Cars Per Day | I-75 is a Major Highway that Connects Miami to Detroit

Multiple Residential Developments Next Door Including The Levi Luxury Apartments, Argento Apartments, and Tessa Jodeco Townhomes totaling ±660 Apartments/Townhomes and Additional Single Family Homes Planned

Outparcel to the #1 Visited Sprouts in the State of Georgia According to Placer.ai (Please Contact Agent for More Details)

The Subject Property is Part of a Brand-New Master Planned Development with a Number of Premium Retailers Including Whataburger, Chick-fil-A, Starbucks, First Watch, Bubba’s 33, Valvoline, Costco, Chipotle, Hacienda Bar & Grill, Lush Nail Bar, and Many More

Investment highlights

Corporate Bank OZK

Absolute NNN Ground Lease Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market

Bank OZK has Over 260 Locations in Operation Across Nine States | Corporate Guaranty from Investment Grade Tenant with Over $40 Billion in Total Assets

Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation

Pride of Ownership Property in Stockbridge, GA

Dense, Infill Location with Over 99,300 Residents Within 5 Miles | Affluent Area with the Average Household Income Exceeding $102,600 Within 5 Miles

The Surrounding Area Benefits From a Very Low Unemployment Level of 2.62%

Access to Major Interstate Corridor with Easy Access to Downtown Atlanta Makes the Local Market an Industrial & Distribution Hub with ±8.8M Square Feet of Industrial Properties

Broker of Record: John Leonard – License: 252904

Listing Contacts

RD
CA 01438643
Marcus & Millichap - Orange County
CE
CA 01958307
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
5.19%
Cap Rate
5.19%
ROI

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Additional Information

Name
John Leonard
License
252904
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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