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Single Tenant Net Leased Office Building | 8% Cap Rate

1015 Cobb Place Boulevard
Kennesaw, GA 30144
PRICE : $10,350,000
PROPERTY TYPE: Office
SITE SIZE: 3.33 Acres
BUILDING SIZE: 51,152 SF
YEAR BUILT: 2001

Highlights

  • National credit tenant
  • 2-story brick building
  • Built in 2001
  • 51,152 total rentable SF
  • ± 25,576 SF per floor
  • Elevator access
  • Backup generator power
  • NOI of $827,940
  • 8% cap rate

Description

Opportunity to acquire a single tenant net lease office building at a cap rate of 8% leased thru 2021 to Aaron's, Inc. The tenant is currently moving out and is responsible for the lease. This provides a lengthy window of opportunity with flexible move-in date for either your business or the perfect tenant.

Located in the popular Kennesaw market just off I-75, 10 miles north of Atlanta's I-285. Kennesaw is a premiere destination for businesses and families. This vibrant market area continues to grow in popularity, as it provides the perfect combination of affordable housing, high ranking schools, good jobs, large city amenities and small town charm. As demand in Kennesaw has increased over the past four years, vacancy rates have steadily declined from 12% to the current 8%.

To view property video, please visit: https://youtu.be/iW0IUZlNPIY

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