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Single Tenant Net Lease Investment Opportunity | 8.85% Cap Rate

4977 Memorial Drive
Stone Mountain, GA 30083
PRICE : $339,000
CAP RATE: 8.85%
PROPERTY TYPE: Retail
SITE SIZE: 0.50 Acres
BUILDING SIZE: 1,768 SF

Highlights

  • NNN lease with initial term expiring 12/31/19
  • One 3-year option with a 20% rent increase
  • HVAC and roof recently replaced
  • Located in a heavily commercial area with 2016 traffic counts of 37,000 AVPD
  • Also know as 4995 Memorial Drive per the Dekalb County Property Assessor

Description

Bull Realty is pleased to present this single tenant NNN lease offering in Stone Mountain, Georgia (Atlanta MSA). The tenant, a local restaurant, is on a 36 month lease expiring December 31, 2019. They have one 3-year renewal option with a 20% rent increase. The Landlord recently replaced two HVAC units and installed a new roof.

The property is located on heavily commercial Memorial Drive, just outside I-285 and less than 1 mile from Georgia Piedmont Technical College and 11 miles from Stone Mountain Park. Nearby 2016 traffic counts on Memorial Drive averaged 37,000 vehicles per day.

NOTE: This property is also know as 4995 Memorial Drive per the Dekalb County Property Assessor.

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