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Midtown Atlanta Net Lease Investment | 7% Cap Rate

1104 Crescent Avenue
Atlanta, GA 30309
PRICE : $3,850,000
CAP RATE: 7%
PROPERTY TYPE: Retail
BUILDING SIZE: 7,704 SF

Highlights

  • 7% cap rate
  • 10-year initial term - true NNN lease
  • 5,988 SF bldg + 1,716 SF patio = 7,704 SF total
  • Rent: $45/SF based on building
  • Rent: $34.95/SF based on total
  • Experienced operator
  • Facility currently under extensive renovation
  • Established restaurant location
  • Popular alfresco outdoor patio area
  • Awesome day and night demographics

Description

Ten year true triple net lease personally guaranteed with $2.50 SF increases every 5 years and a percentage rent provision. The tenant is an experienced operator investing over ½ million dollars in tenant improvements.

Midtown’s 1.2 square mile district has 15.5 million square feet of class A office space, 65,000 jobs, is the corporate headquarters of 3 Fortune 1000 companies and home of 8 of the 10 largest law firms in Atlanta. Many experts say Midtown is the hottest market in the southeast U.S.

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