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Two Tenant Sherwin-Williams & Advance Auto Parts Center | 7% Cap Rate

5155 Dallas Hwy
Powder Springs, GA 30127
PRICE : $3,560,000
CAP RATE: 7%
PROPERTY TYPE: Retail
SITE SIZE: 2.12 Acres
BUILDING SIZE: 14,616 SF
YEAR BUILT: 2003

Highlights

  • Outstanding publicly traded credit tenants, Sherwin-Williams and Advance Auto Parts
  • Signalized four lane intersection with combined traffic counts over 46,000 VPD
  • Nearby local and national retailers include a Publix anchored center and more
  • Due to satisfaction with this location both tenants recently extended their NN leases
  • Sherwin-Williams has 9 years remaining with 2 five-year options with 10% increases
  • This Sherwin-Williams in one of the highest producing stores in Georgia
  • Advance Auto Parts has 5+ years remaining with 3 five-year options with 15%, 10%, 10% increases
  • All brick construction: 14,616 SF on a ±2.12 acre parcel with easy ingress and egress

Description

Bull Realty is pleased to offer this outstanding Sherwin-Williams and Advance Auto Parts net lease property in Powder Springs, GA, part of the Atlanta MSA. It sits on a signalized corner with traffic counts over 46,000 vehicles per day and a 3-mile population of more than 34,900. Due to satisfaction with this location, both tenants recently extended their NN leases. Nearly all landlord expenses are reimbursed. Sherwin-Williams extended their lease last year for 10 years and is one of the top producing stores in Georgia largely due to the more than 75% home ownership in the area. This busy suburban area, located minutes from Atlanta, has many national retailers, schools and recreational facilities that support the continued single-family and multifamily growth.

This highly desirable offering with an outstanding tenant mix is offered at $3,560,000 at a 7% cap rate.

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