Listed by CP Partners
$6,786,000
Lazy Dog
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 8,400
Cap Rate 7%
NOI $475,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2043
Rent Bumps Yes
Lease Options Four,5-year
Year Built 2023
Acreage 0.520
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 10/01/2023
Ground Lease No
Build-to-Suit Lazy Dog in Ultra Dense Retail Corridor
Marketing description
A 20-year absolute net Lazy Dog lease featuring 10% rental increases every 5 years and four, 5-year extension options. The subject property is located at the signalized hard corner intersection of Haynes Bridge Road and North Point Parkway, a major retail thoroughfare along which two of the most visited shopping centers in Georgia are situated – North Point Marketplace (4.1M annual visits) & North Point Mall (3.4M annual visits).
Investment highlights
- 20-year base term lease featuring 10% rental increases every 5 years
- Corporate guaranty from tenant’s parent company – Lazy Dog Restaurants, LLC
- Signalized hard corner location at heavily trafficked intersection – 53,000+ VPD
- Exposed to 7.5 million annual visitors of North Point Marketplace and North Point Mall
- Sprawling Atlanta suburb with numerous commercial and residential projects in development
- Dense residential submarket – 206,0000 residents within a 5-mile radius of the subject property
- Extremely affluent demographics – $168,000 average household incomes within a 5-mile radius of the subject property
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$475,000.00
$39,583.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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