279 N Lee St - Freestanding FOR SALE


Forsyth, GA 31029
$832,000 USD
980-498-3293
279 N Lee St, Forsyth, GA for Sale
$832,000 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

279 N Lee St
Forsyth, GA 31029


HIGHLIGHTS

  • CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE
  • LONG OPERATING HISTORY WITH RECENT EXTENSION
  • POSITIONED IN A DENSE RETAIL NODE

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Marco’s Pizza has signed a 10 year lease with 2.5% annual increases with four (4) five (5) year extensions - Abs. NNN with Zero Landlord Responsibilities LONG OPERATING HISTORY WITH RECENT EXTENSION - Tenant has been operating at this location for over 10 years - Tenant recently signed a 10 year extension, showing commitment to the site - MPZ Holdings has 30+ locations across the southeast with experience franchising Marco’s Pizza Locations POSITIONED IN A DENSE RETAIL NODE - More than 677K SF of retail space within 1 mile - Nearby national retailers include: Walmart Supercenter, Tractor Supply Co., Ingles Markets, Ace Hardware, and more HIGH GROWTH FORSYTH, GA - According to the Atlanta Regional Commission, the population of Forsyth, GA has more than doubled since 2000 - The population has increased from 98,407 people to 250,000 residents in 25 years CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE - Site is positioned off of I-75 (93.2K VPD) - This Marco’s Pizza being under an hour from center city Atlanta, benefits from Atlanta MSA tailwinds as well as commuters to and from work around the city NEARBY MARKET DRIVERS - Just 1.4 miles south of the site is the Mary Persons High School with over 12,86 students enrolled - 3.5 miles north of the site is the Georgia Public Safety Training Center which spans more than 1,000 acres - The facility employs 200 people and runs a 20 week course for thousands of public officials in the state of Georgia

FOR SALE DETAILS

PRICE

$832,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marco's Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C

APN/PARCEL ID

F34-081A

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.