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1012 Iris Dr SW

12,000 SF 100% Leased Retail Building Conyers, GA 30094 $3,756,295 CAD ($313 CAD/SF) 7.36% Cap Rate

Investment Highlights

  • New 10-year master lease agreement
  • High visibility - Interstate 20 frontage
  • Lamar digital interstate billboard

Executive Summary

1012 Iris Drive boasts a new 10-year master lease agreement, Lamar digital interstate billboard (NOI includes billboard revenue), and high visibility from Interstate 20. Lease and financials available upon request.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
B
Year Built
1978
Price
$3,756,295 CAD
Price Per SF
$313 CAD
Cap Rate
7.36%
NOI
$276,463 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
1.20 AC
Zoning
HSB - HSB Highway Service Business
Parking
100 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
60 ft on I-10

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Patriot Fiber, Inc.
  • Construction
  • -
  • $19.84 CAD
  • Net
  • Oct 2034
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Patriot Fiber, Inc. Construction - $19.84 CAD Net Oct 2034

Nearby Major Retailers

LongHorn Steakhouse
Buddy's Home Furnishings
Waffle House
Rent-A-Center
Piggly Wiggly
Bank of America
Truist
Sunbelt Rentals
Bank OZK
Hooters

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C11-0-01-001B
Land Assessment
$140,630 CAD
Improvements Assessment
$915,415 CAD
Total Assessment
$1,056,046 CAD
  • Listing ID: 34046638

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: 1012 Iris Dr SW, Conyers, GA 30094

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