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5650 THIRD ARMY RD SE Acworth GA 30101-3205

[Locked] • APN 0096-1228-004

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Details
Property Type Retail
Sub Type Storefront
Building SqFt 10,001
Lot SqFt 88,423
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-1
Year Built 2017
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Remaining Term ******

Property History

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Property Type
Property Type
Retail
Asking Details
Asking Cap Rate
******
Investment Highlights
11.5+ YEAR NNN BUILD-TO-SUIT DOLLAR GENERAL
• This property is a 9,100 SF Build-to-suit Dollar General located in Acworth (Atlanta MSA), GA.
• The store opened in June 2017 and has approximately 11.5+ years remaining on the initial 15- Year Corporate Guaranteed NNN Lease.
• This is an absolute NNN lease and the Tenant is 100% responsible for all expenses including taxes, CAM, insurance, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods.

SUPERIOR DEMOGRAPHICS
• The 5-mile population is 56,822 with over 16.5% growth, and the Average Household Income is $91,999 which is superior to most Dollar General locations.

ADJACENT TO I-75
• Acworth is located 30 miles North of Atlanta and is one of the fastest growing cities in the Atlanta MSA.
• The property is well located adjacent to I-75 (95,800 VPD) and Hwy 41 (18,800 VPD).
• Kennesaw State University is located in Acworth and has a total student enrollment of 34,500.
• This store is a half mile off Lake Allatoona, one of the most frequently visited engineered lakes in the nation.

ATLANTA MSA

• Atlanta is the county seat of Fulton County and has the ninth-largest metropolitan area in the nation with a population of more than 6 million people.
• Atlanta ranks 10th in the nation in gross domestic product of $385 Billion with a diverse economy of dominant sectors that include aerospace, transportation, logistics, business services, medical services, technology and more.
• Home to the country’s 3rd largest concentration of Fortune 500 headquarters including The Coca-Cola Company, The Home Depot, Delta Airlines, Chick-fil-A and many more.
• The city hosted the 1996 Summer Olympics and is home to professional franchises for four major sports including the Braves, the Hawks, the Falcons, and the Atlanta United FC.
• Altanta is the 7th most visited city in the U.S. with over 35 Million visitors per year that contribute over $66 Billion to the economy annually.
• The busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, is located in Atlanta and supports over 107 Million passengers per year.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 17,000 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Sale Date
******
Sold Price
******
Buyer Borrower 1 Middle Initial
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Document Number
******
Document Type
******
Recording Book
******
Recording Page
******
Resale Flag
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
******
Seller 1 Name
******
Sold By
******
Sold To
******

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
DM
Don McMinn PRO
•••.•••.2762
•••.••minn@•••••••••••••••.com
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