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33311049
33311048

2745 POWDER SPGS RD SW, MARIETTA, GA 30064

PD
CA CA 01797033
Deltondo Advisory Group Irvine
Listed by Deltondo Advisory Group Irvine
$6,234,794
3 days on market
Updated 3 days ago

Tidal Wave Auto Spa | Bonus Depreciation Opportunity

Details
Property Type Retail
Square Footage 3,206
Net Rentable (SqFt) 3,206
Units 1
Cap Rate 6.25%
NOI $389,674
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2042
Remaining Term 16.6
Rent Bumps Yes
Lease Options Five, 5-Year
Year Built 2023
Acreage 1.860
Tenant Credit Corporate Guarantee
Lease Commencement 12/30/2022
Ground Lease No
Ownership Fee Simple

Bonus Depreciation Opportunity

Investment highlights

15.75-YEAR ABSOLUTE NET LEASE

Brand-New 20-Year Lease Commenced December 2022 And Structured On An Absolute- NNN Basis; Tenant Responsible For All Operating Expenses, Roof, Structure, And Capital Items

HIGH-GROWTH ATLANTA MSA LOCATION

Located In Marietta Within Cobb County—Part Of The 6M+ Population Atlanta-Sandy Springs-Roswell MSA

2% ANNUAL RENT INCREASES DENSE INFILL TRADE AREA

Fixed Annual Increases Provide Predictable NOI Growth Throughout The Primary Term And Option Periods

2023 CONSTRUCTION INSTITUTIONAL-QUALITY

Delivered In 2023, The 3,206 SF Purpose-Built Facility Sits On 1.86 Acres With Modern Tunnel Configuration And High-Throughput Design 5-Mile Population Of 151,281 Residents Providing Strong Daytime And Rooftop Density

STRATEGIC CORRIDOR POSITIONING

Positioned Along Powder Springs Road (GA-360), A Primary Retail And Commuter Artery Serving Western Marietta And Powder Springs

Listing Contacts

PD
CA CA 01797033
Deltondo Advisory Group Irvine
Listed by Deltondo Advisory Group Irvine

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$389,674.00
$32,472.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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