4275 Atlanta Hwy
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4275 Atlanta Hwy
1,661 SF Retail Building Bogart, GA 30622 $3,182,300 CAD ($1,916 CAD/SF) 5.73% Cap Rate
INVESTMENT HIGHLIGHTS
- TENANT: AFG SR Bogart, LLC dba Sonic Drive-In
- RENT COMMENCEMENT: March 2022
- OPTIONS: 3, 5-year options
- LEASE TYPE: NNN
- LEASE TERM: 20-years
- STRONG RETAIL SYNERY: Near a high-concentration of the area's national tenants (Sam's Club, Publix's, Aldi, Academy Sports, etc)
EXECUTIVE SUMMARY
4275 Atlanta Hwy is currently leased to a Sonic franchisee on a 20-year NNN lease that commenced March of 2022. Base rent is currently $10,500 monthly, with 1.5% annual escalations after the first 5 years. All operating expenses are the responsibility of the tenant, and the lease offers 4 extension options of 5 years each.
•Lease Commencement: 3/2022
•Initial Lease Term: 20-years
•Lease Options: 4, 5-year options
•Near National Tenants: Sam's Club, Publix's, Aldi, Academy Sports, etc.
•Tenant: AFG SR Bogart, LLC dba Sonic Drive-In
Broker of Record | Michael Overton License No. 390356 (GA)
•Lease Commencement: 3/2022
•Initial Lease Term: 20-years
•Lease Options: 4, 5-year options
•Near National Tenants: Sam's Club, Publix's, Aldi, Academy Sports, etc.
•Tenant: AFG SR Bogart, LLC dba Sonic Drive-In
Broker of Record | Michael Overton License No. 390356 (GA)
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,661 SF
Building Class
C
Year Built
2001
Price
$3,182,300 CAD
Price Per SF
$1,916 CAD
Cap Rate
5.73%
NOI
$182,223 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.17 AC
Zoning
C-G
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 044B-004-A | Improvements Assessment | $418,709 CAD |
| Land Assessment | $371,155 CAD | Total Assessment | $789,864 CAD |
PROPERTY TAXES
Parcel Number
044B-004-A
Land Assessment
$371,155 CAD
Improvements Assessment
$418,709 CAD
Total Assessment
$789,864 CAD
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4275 Atlanta Hwy
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