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t r a n s l a t e

NNN Two-Tenant Investment Opportunity | 7.5% Cap Rate

9880 Main Street
Woodstock, GA 30188
PRICE : $2,357,000
CAP RATE: 7.5%
PROPERTY TYPE: Retail
SITE SIZE: 1.40 Acres
BUILDING SIZE: 14,000 SF
YEAR BUILT: 2002

Highlights

  • Two NNN national tenants
  • Avg 7.5 years on current lease terms
  • NOI $176,846 with annual increases
  • Highly visible, lighted monument sign
  • 1.4-acre site with 300’ of frontage on Main Street
  • 23,800 daily traffic count on Main Street
  • 14’-15’ ceilings
  • Strong rental history

Description

Opportunity to acquire a strong and stable cash flow property in the growing Woodstock submarket of Atlanta. Aamco has been successful in this location since 2009 and just executed a 10-year lease renewal. The Parts Authority original 7 year lease has 5 years remaining. The leases have 2.5% and 3% annual rent escalations. Tenants cover all operating expenses. The building, roof, systems and parking lots are all in good condition.

This is a fantastic area for potential appreciation. Woodstock is ranked ninth in the state’s top 10 fastest growing cities. The surrounding 5 miles has seen a tremendous population increase of 70% in the past 10 years – more than doubling in size. Future job growth over the next ten years is predicted to be 52.2%.

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