3494 Marietta Hwy - Restaurant FOR SALE


Canton, GA 30114
$2,556,700 USD
404-504-7900
3494 Marietta Hwy, Canton, GA for Sale
$2,556,700 USD
Restaurant - FOR SALE
1/5
null | 7% Cap Rate

3494 Marietta Hwy
Canton, GA 30114


HIGHLIGHTS

  • Absolute NNN lease with annual rent increases
  • Located along Marietta Highway (18,100 VPD), less than a mile from the on-ramp to Interstate 575 (72,500 VPD)
  • 2.2 MSF of retail, 2.1 MSF of industrial and 3,249 multifamily units within a 3-mile radius
  • Average annual household income of $123,999 within a 3-mile radius

OVERVIEW

CBRE is pleased to offer for sale the 2,720-square-foot Martin's Restaurant situated on 1.40 acres in Canton, GA - a component of the Atlanta MSA (Population: 6.4M+). Martin’s absolute NNN lease features ±18 years of term remaining with four, 5-year renewal options. On each anniversary of July 1st throughout the initial term and renewal options, rent increases by the greater of (i) 2% or (ii) the change in CPI (not to exceed 3%).

FOR SALE DETAILS

PRICE

$2,556,700 USD

PRICE/SF

$876 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Martin's Canton

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

GC

APN/PARCEL ID

15N13A-00000-044-00D-0000

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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